I have been bucking against the perceived "wisdom" of the press and financial "experts" for sometime now, wrt when interest rates will rise.
Contrary to the perceived "wisdom" I have repeatedly stated that rates will not rise anytime soon, least of all before next May's election.
I am amused to see that Andy Haldane, who sits on the Monetary Policy Committee, also now agrees with my view.
He cites global growth fears, rising geo-political risks and a "weak pipeline"
of inflationary pressures as the rational for the Bank of England keeping rates
lower for longer.