Interest Rates Freeze Til Year End
Published / Last Updated on 07/06/2011
Interest Rates Freeze Til Year End.
Economists believe the Monetary Policy Committee will keep interest rates at 0.5% this week, as reports that the UK's manufacturing industry and services growth is slowing.
Joost Beaumont, an economist at ABN Amro bank expects the first rate increase to occur in 2012. Meanwhile JP Morgan and Barclays are predicting that the Bank of England will increase rates in November.