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Bank of England Base Rate Archive
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Base Rate to Rise in Early 2013
Bold eh? I’m in an extravagant mood today. Let me explain . . . The Bank of England has forecast for some time been that inflation would start to fall, and accelerate, as the year went on with a real risk of going far too low. Only a couple of months ago the MPC pumped [...] -
No movement from the MPC, but plenty elsewhere
The Bank of England announced no change to either base rate or the asset purchase scheme at their November meeting, to nobody’s surprise. Having just announced an unexpectedly large round of quantitative easing last month (which will take four months to carry out ), it’s unlikely we’ll see any further move before February 2012 – [...] -
CBI says UK interest rates need to rise in 2011
Higher-than-expected inflation means the Bank of England should start raising interest rates from the spring of next year, according to latest forecasts by the Confederation of British Industry (CBI). With recent pressure from energy and commodity prices as well as the impact of higher VAT in the New Year, the CBI predicts that inflation will “significantly [...]
