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Bank set to keep rates on hold



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THE Bank of England is expected to leave interest rates unchanged at 5 per cent for another month, as it opts to keep tabs on inflation rather than induce a spending driven economic recovery.
Last week Nationwide reported that house prices had fallen 2.5 per cent across the UK in the past month, but with the cost of food and fuel rising, the Bank's monetary policy committee is expected to hold rates.

Some economists are forecasting that rates will be held at 5 per cent for the rest of the year.





The full article contains 99 words and appears in The Scotsman newspaper.
Page 1 of 1

  • Last Updated: 01 June 2008 9:03 PM
  • Source: The Scotsman
  • Location: Edinburgh
  • Related Topics: Interest rates
 
1

Neal! Whit? Haud yer Whisht!!,

02/06/2008 13:13:21
Amazing! The Scotsman reports as little of the facts as possible when it comes to Liebours handling of the Economy.

The truth is that thanks to Gordons handling of/ at the Exchequer we are about to experience once again the Joys of the 'Boom and Bust' Economy. They really do appear to have copied the Tories in every way imaginable.

Of course it won't be their fault, same as it WAS the Tories fault - Double Standards anyone?

 

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