Blogging from the Highlands of Scotland until I return to the Murcia region of Spain in the Autumn for a month or so
'From fanaticism to barbarism is only one step' - Diderot

Wednesday, 30 June 2004

US Dollar interest rates set to rise

For purely selfish reasons (I have significant amounts in USD deposits) I hope that this speculation is borne out; if it helps to dampen down the inflationary pressures which seem to be growing, in various countries, then that will be good, too - of course, that's the reason the rate rise will happen, if it does, not to suit my convenience.

UPDATE: (Wednesday 30JUN04 19.55 BST) Breaking news on BBC News24 in the last few minutes is that the Fed. have raised the rate 0.25 percent to 1.25 percent.

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