Neville Prior

UK Interest Rates

Neville Prior  21 January 2015 11:26:08 AM
Image:UK Interest Rates
BoE minutes show a unanimous vote of the MPC to keep base rates at 0.5%. This is the first time there hasn't been a 7:2 split since the summer. With inflation at very low levels and possibly heading lower, and Europe contemplating Quantative Easing; all is set for an ongoing period of interest rate stability. Don't look for an increase until possibly Q1/Q2 of 2016.
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