Rising petrol prices pushed the UK inflation rate to 2.1% in October but house prices and consumer confidence appear to be falling according to this BBC clip and article.
< http://www.bbc.co.uk/mediaselector/check/player/nol/newsid_7090000/newsid_7093400?redirect=7093438.stm&news=1&nbram=1&bbwm=1&nbwm=1&bbram=1&asb=1 >
http://news.bbc.co.uk/1/hi/business/7092144.stm
a) What is the argument for raising interest rates?
b) What is the argument for reducing interest rates?
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