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UK Interest Rate: Unchanged UK Interest Rates Forecast: 0.25% increase in November The publication of the minutes of the Bank of England's Monetary Policy Committee October meeting have reinforced expectation that interest rates will rise by a 0.25% to 5% in November. Two of the seven members of the MPC voted for an increase in October, with the remaining five members showing support in principle for a future rise to try and dampen above-target inflation before the end of the year. It's hoped that a timely rise in interest rates now will prevent excessive upwards pressure on wages, and avoid the need for more significant rate rises next year. |
Latest UK Interest Rates Forecast
Interest Rates Forecast to 10/10/06
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