Re: Re: Trichet Signals ECB Interest Rate Hike (18/11/2005)
Well it’s all related really Graham, I suppose you have to consider where architects get their business – homeowners, developers, councils, research bodies etc etc – if money supply is tighten, a decrease it demand usually follows (as a general rule of economics). One affects the other and architectural business volumes are just as prone to changes in the cost of borrowing as any other business, including developers. A change in professional title does not guarantee immunity. But that said, I was just throwing this bit of information up there for persons who may be interested – i.e. propsective homebuyers and the like. I don’t think the December and Spring hikes will have any dramatic impact on activity and clearly when I reference the above impacts on business I am considering a much more severe hike scenario. I’ll leave it at that I suppose. 🙂
I’m glad we are still in a position to be able to promote stronger architectural values in this country – as I’ve said before, its a bar that must be continually pursued.
