tag:blogger.com,1999:blog-8492416005551532574.post8325645418325781833..comments2024-01-09T08:21:38.158+02:00Comments on Finnish Housing Bubble Bursting - Asuntokupla: Decrypting ECB's Trichet: a Rate Hike?HousingFinlandhttp://www.blogger.com/profile/11208457813231210207noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8492416005551532574.post-39027485035476813422008-05-27T16:53:00.000+03:002008-05-27T16:53:00.000+03:00In fact they stopped short of raising rates last j...In fact they stopped short of raising rates last july because of the credit crisis.<BR/><BR/>The ECB has not been able to fullfill its mandate (i.e inflation at around 2%), so now if they are really serious about inflation, they should act before it gets out of control.<BR/><BR/>I think in Finland it's already out of control as big pay rise have been settle. Even after fatty pay increase, Purchasing power have not been helped much because inflation is around 4%.<BR/><BR/>The people in parliament negotiated wages increase of more than 6% on the back on the public tax while some are not able to bargain any wage increase (the poor or middle class).<BR/><BR/>The gap is only increasing thanks to the center or right government.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8492416005551532574.post-38970204249215266662008-05-27T16:48:00.000+03:002008-05-27T16:48:00.000+03:00"The Chief Executive of HSBC Bank, Europe's bigges..."The Chief Executive of HSBC Bank, Europe's biggest, on Tuesday urged central bankers to raise interest rates in order to fight inflation, and also said more regulation may be needed in the wake of the credit crunch."Anonymousnoreply@blogger.com