IDEAS home Printed from https://ideas.repec.org/a/cup/nierev/v177y2001ip15-29_4.html
   My bibliography  Save this article

Section II. The forecast in detail

Author

Listed:
  • Anonymous

Abstract

We have argued that the base rate should be reduced once again, as a precautionary measure. If the economic situation improves as our forecast suggests, then the reduction is likely to prove short-lived and we would expect it to be reversed in the Spring of next year. But this interest rate reduction would be a useful precautionary measure should the outlook for trade and investment continue to deteriorate. Ten-year interest rates have been rising from the low values in the first quarter of this year. The interest rate reduction we propose would be expected to give the yield curve its traditional upward slope; if rates are raised again the curve should then level off.

Suggested Citation

  • Anonymous, 2001. "Section II. The forecast in detail," National Institute Economic Review, National Institute of Economic and Social Research, vol. 177, pages 15-29, July.
  • Handle: RePEc:cup:nierev:v:177:y:2001:i::p:15-29_4
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S002795010000908X/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:nierev:v:177:y:2001:i::p:15-29_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://edirc.repec.org/data/niesruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.