Interest rates to rise on Thursday?
The Bank of England’s Monetary Policy Committee (MPC) meets this Thursday and experts are expecting it to announce an increase in interest rates.Analysts are forecasting a rise to 5.5%, a 6 year high. Mervyn King, the BOE’s Governor has done little to dampen speculation after commenting that the inflation outlook is ‘murky’ with risks to the upside. The ‘shadow’ MPC has already voted by 8-1 to increase rates after predicting all three rate rises last year.
If a rate increase is going to severely affect your finances, then please give us a call (01793 840915) – we may be able to help.
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