Posted on 01/06/2010 11:46:23 PM PST by Cheap_Hessian
The Bank of England will begin laying the groundwork for a rise in interest rates as early as March, according to one of the City's leading economists.
Simon Ward of Henderson New Star reckons that in addition to ending the radical programme of quantitative easing, members of the Bank's Monetary Policy Committee will begin voting to raise interest rates from 0.5pc in February.
The MPC today gives its first decision on interest rates of 2010 and is widely expected to keep them at the record low they've been at since March last year. The Bank slashed interest rates after the collapse of US investment bank Lehman Brothers sent shockwaves through the financial system and wider economy.
(Excerpt) Read more at telegraph.co.uk ...
These are the same “experts” that are stunned by the weekly “unexpectedly bad economic news” being released and revised?
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