We accept interest rates may rise in order to maintain the low-inflation stability which is essential for business.
"Ruth Jane Lea" Order of the British Empire/CBE is a United Kingdom/British political economist working in the financial sector. She has also worked as a civil servant and for the Institute of Directors, a private-sector employer lobbying organisation, as well as for policy research bodies and the media.
Born in Cheshire, Lea attended Lymm High School/Lymm Grammar School before going to the University of York (Bachelor of Arts/BA) and the University of Bristol (Master of Science/MSc). She served almost 16 years in the British Civil Service, working in the HM Treasury/Treasury, the Department of Trade and Industry (United Kingdom)/Department of Trade and Industry, the Central Statistical Office, UK/Central Statistical Office and the Her Majesty's Civil Service/Civil Service College. She later became a lecturer at Thames Polytechnic (now the University of Greenwich).More Ruth Lea on Wikipedia.
We look for a further easing of monetary policy -- but not this month because of sterling's weakening and the stronger stock market.
Unless there is serious reform there, the euro won't regain investor confidence.