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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (319968)	1/10/2007 3:01:20 PM
From: combjelly	Respond to of 1573924

"Thanks for really cheering me up." That's the way the pieces fit together for me. I could be wrong, you know.

To: Road Walker who wrote (319968)	1/11/2007 7:12:10 AM
From: Elroy	Respond to of 1573924

LONDON, England (Reuters) -- Spare capacity in the economy has diminished and risks to inflation are on the upside, the Bank of England said on Thursday after it unexpectedly raised interest rates by a quarter-point to 5.25 percent on Thursday. "Sterling has risen and oil prices have fallen back. But the margin of spare capacity in the economy appears limited, adding to domestic pricing pressures," the BoE's statement said . "It is likely that inflation will rise further above target in the near-term, but then fall back as energy and import price inflation abate." Only one analyst polled by Reuters had predicted the move up. Most thought the central bank would wait at least until another month.