Bank of England must raise interest rates before its too late, warns chief economist Spencer Dale The Bank of England is at risk of gradually losing public confidence due to persistently above-target inflation, posing an upward risk to future prices, the central bank’s chief economist, Spencer … Read more on AFP Telegraph Finance News via [...]
Tag Archives: England
Bank of England holds rates despite inflation jitters
Bank of England holds rates despite inflation jitters The Bank of England held British interest rates at a record low on Thursday in the face of a fragile economic recovery despite mounting concern that inflation could soon shoot above 5.0 percent. Read more on AFP via Yahoo! News
Interest rates to stay down, as Andrew Sentance remains lone Bank of England hawk
Interest rates to stay down, as Andrew Sentance remains lone Bank of England hawk Economists are predicting that interest rates will stay lower for longer after Bank of England policymakers once again voted 7-1 against a change. Read more on Daily Telegraph