Signs of an economic recovery and sharply rising inflation could force the
Bank of England’s monetary policy committee (MPC) to consider raising rates
early this year, an analysis by Henderson New Star indicated.
The company’s “MPC-ometer” – a statistical tool for forecasting
interest rate decisions based on the latest economic and financial
indicators – predicts that the MPC will shift to a “tightening
bias” in early 2010.
“With preliminary fourth-quarter GDP [economic growth] figures released
in late January likely to confirm a recovery, and inflation rising sharply,
…
Read the original article at Telegraph
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January 12th, 2010 at 3:58 pm
Well it would be wonderful if by March this will not happen. High interest rates always bring struggles with it. There are two more months before this is finalized so let’s hope for the best.