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Bank of England Base Rate Archive
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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 [...] -
Andrew Sentance calls for a gradual rise in UK interest rates
The Bank of England should start raising interest rates to keep inflation in check according to Andrew Sentance, a member of the Bank’s Monetary Policy Committee. In a speech he gave in Belfast yesterday, Mr Sentance set out what he called “three powerful arguments” for a gradual rise in interest rates. Firstly, there are encouraging [...]
