Bank of England may further hike the base rates

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 26, 2007 -- London (go4ukloans) February 16, 2007: The Bank of England may again hike the interest rates again as to keep the inflation under control.

According to the Bank�s governor, Mervyn King, due to the falling gas and electricity bills the inflation would come down but the MPC (Monetary Policy Committee) is worried about it for the next year and beyond.

Mr. King also said that there is a growth in the economy and a rapid pick-up is there in investment by firms in Britain.

There is a prediction from a report that the economy would continue to grow rapidly at a rate of around 2.75 % a year. The report has also revealed that the inflation would hit the 2% inflation target in next two years, only if the interest rates would be 5.5% rather than the existing one of 5.25%.

So, there is a possibility that the interest rates may again rise for personal loans. So, those who are planning to take personal loans should be prepared for a hike in the interest rates.

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