The Bank of England has not raised the interest rates this time. It may go for a fourth hike, if there is more inflation pressure.
April 13, 2007 (Press Release) --
London (loans-bazaar) April 11, 2007: The Monetary Policy Committee (MPC) has kept the rates at 5.25 percent. Many economists are also predicting that the Bank would not raise any interest rates. However, it has been forecasted that a quarter point rise can be there in the month of May.
The bank has predicted that in order to bring back inflation to its target of 2 percent, one more rate rise is required.
Alan Castle, who is an economist at one of the leading global investment bank in London, has said that a move in May is possible. He also commented: “As you go through the year, there’s more chance the previous rate hikes will start to bite.”
Though, there is some relief for the borrowers, who have taken secured or unsecured loans. But, any rate rise by the Bank of England may compel the borrowers to pay a higher APR for the loans which they have taken.
For additional information on the news, that is the subject of this release (or for a sample, copy, or demo), contact Webmaster, or visit http://www.loans-bazaar.co.uk
The bank has predicted that in order to bring back inflation to its target of 2 percent, one more rate rise is required.
Alan Castle, who is an economist at one of the leading global investment bank in London, has said that a move in May is possible. He also commented: “As you go through the year, there’s more chance the previous rate hikes will start to bite.”
Though, there is some relief for the borrowers, who have taken secured or unsecured loans. But, any rate rise by the Bank of England may compel the borrowers to pay a higher APR for the loans which they have taken.
For additional information on the news, that is the subject of this release (or for a sample, copy, or demo), contact Webmaster, or visit http://www.loans-bazaar.co.uk
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