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Bank Claim: Banks 'over pricing risk'

Banks and financial investors have "swung too far" to become seriously "risk adverse".

This is according to Sir Richard Lambert, former director general of the Confederation of British Industry. He stated that banks' under pricing of risk contributed to the economic downfall and now the over pricing of risk is stunting any economic growth.

Sir Richard believes all indicators say inflation will peak and then rapidly fall at the start of the next year because once the high energy prices and VAT increase are incorporated into the fiscal systems the level of inflation should remain settled.

"I don't think another burst of quantitative easing, a money injection, would pose an inflationary threat," he said.

The Bank of England recently voted unanimously to keep the base rate of interest at 0.5 per cent. At the meeting most members thought that it was increasingly probable that further quantitative easing to relieve economic conditions would be warranted at some point.

Charles Baker

Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-800737937-ADNFCR



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