Interest rates to go up in Spring 2010
Latest news item I just received:
Interest rates are expected to go up in the Spring of next year, reaching 2% by the end of 2010, according to the CBI.
Ian McCafferty, CBI chief economic adviser, said: " The UK Bank rate is forecast to start rising in spring 2010, as the Bank of England withdraws some of the monetary stimulus in order to minimise the risk of undesirable inflationary pressure in the medium term. The Bank rate is expected to reach 2% by the end of next year, with no further rises during 2011, to assist the sustainability of the recovery as fiscal policy begins to tighten."
Interest rates are expected to go up in the Spring of next year, reaching 2% by the end of 2010, according to the CBI.
Ian McCafferty, CBI chief economic adviser, said: " The UK Bank rate is forecast to start rising in spring 2010, as the Bank of England withdraws some of the monetary stimulus in order to minimise the risk of undesirable inflationary pressure in the medium term. The Bank rate is expected to reach 2% by the end of next year, with no further rises during 2011, to assist the sustainability of the recovery as fiscal policy begins to tighten."
Labels: interest rates
posted by Des Tourick 1st Call 4 Mortgages at
13:33
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