Monday, February 05, 2007

Interest Rates

The financial pundits are betting that the Bank of England will keep interest rates on hold next week, at 5.25%.

However, before people rush to crack open the champagne, the pundits have hedged their bets by predicting that there will be further rate rises later in the year.

Reuters note that 57 of 62 analysts that they polled, don't expect interest rates to rise to 5.5%. However, 46 of the 62 think that they will rise by the end of June.

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