England Bank Base Rate

publication date: May 18, 2011
author/source: Guest article by Coreco Group

England Bank Base Rate

Bank Base Rate Decision

Although the Bank of England's' Monetary Policy Committee, (MPC) have yet again decided to keep the Base Rate on hold, the internal splits within the committee seem to remain with a four way split according to the minutes of the last meeting.

Whilst the debate rages on, recent research conducted by the BBC reflected the differences within the MPC. Of 22 economists who were asked "In which month do you think the MPC will raise interest rates?", 14 said August, four plumped for May and one each reckoned on June, July, November and February.

The follow up question, "What level do you think interest rates will be at by the end of the year?" prompted 12 to say 1%, six were at 1.25%, and one believed they would be up at 1.3%.

READ HERE for the full story by the Coreco Group and all the latest Bank Base Rate analysis.

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