That post was a while back but at moment they say an increase of 1.5% interest rates by end of next year. Inflation in US of 8.5% is bad but I don't think the inflation number is relevant to our interest rates as people are so heavily geared that 1-2% increase in rates will dampen things. On top of that the inflation here has pushed up living costs quite a bit which also acts like a rate rise. Even talking about rises has people very concerned though if people over extended then they are the ones who fall over first and have to sell up. Very hard to predict things in property though and I've given up trying long ago but this silly price rises is never good for any economy overall.
