01.07.10

Interest rates ‘could rise in March’

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

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks

Most Commented Posts

More similar stories:

  1. Credit card holders face ‘crippling’ interest rates
  2. Interest rates ‘could rise sharply early next year’
  3. Australian interest rates tipped to rise next week
  4. Fed extends consumer lending program through March
  5. Federal Reserve leaves interest rates near zero
  6. Interest rates stay low - Bollard sticks to the plan
  7. 30-year interest rates rise for second consecutive week
  8. Credit card interest rates waver in past week
  9. A look at the Consumer Financial Protection Agency
  10. Wealth workout: almost 3pc on monthly interest

  • John Lewis staff share £151m bonus pot
  • Brits get savvy as holiday season approaches
  • Consumers owe energy suppliers £728 million
  • Rates cut again by Santander
  • Dodd to offer his own financial regulation bill
  • FSA to introduce tougher stress tests for banks

One Response to “Interest rates ‘could rise in March’”

  1. 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.

Leave a Reply