Thursday, May 08, 2014

Today's interest rate announcement


Interest rates - the monthly 'will he or won't he' question raises its head once again.

Most analysts expect that Mark Carney will keep rates as they are until early 2015. However their certainty is becoming increasingly shaky.

The all time 0.5% low is coming under increasing pressure from a booming property market and growth in the manufacturing and service sectors of the economy.

The Monetary Policy Committee will meet today at Midday and make their announcement on interest rates following the meeting.

The Mail's speculates on interest rates

The Guardian senses an early rise in interest rates

Reuters believe it will stick firm to let recovery build

The Financial Times weighs up an interest rate increase

Ahh.. news just in, the Bank of England are keeping the interest rate at 0.5% for another month.

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