Interest rates could shoot to 3.5 per cent from next week following a meeting of the Monetary Policy Committee
It is understood that the Bank of England will increase interest rates once again starting next week.
Despite this, the 0.5 percentage increase may indicate a slight calming period in rate increases following the decision to raise it by 0.75 percentage points last month which signified the highest single increase since 1989. However, it will also be the ninth time in a row that the interest rates have been hiked up.Economists at Deutsche Bank said they expect the increase to 3.5 per cent to happen at the meeting on Thursday, December 15.
Deutsche Bank also suggested that rates could go as high as 4.5 per cent next year, a decrease from the Bank's own prediction of 5.25 per cent which was suggested last month. ING’s James Smith, Antoine Bouvet and Chris Turner said in a note to investors that the rate could peak at 4 per cent next year.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bank of England expected to hike interest rates to 3.5% next week🔴 The Bank of England is expected to hike interest rates from 3 per cent to 3.5 per cent next week, putting further pressure on mortgages
Weiterlesen »
Interest rates to be hiked above 3.5% next year, economists warnThe Bank of England is expected to push interest rates even higher next week, putting further pressure on mortgages.
Weiterlesen »
Interest rates may have peaked but who is in charge of strike talks?In the UK, analysts believe we may be nearing peak inflation but the Government's stand-off with multiple unions is beginning to cause lasting damage to the economy
Weiterlesen »
UK interest rates may soon peak - but who is in charge of strike talks?The Government's stand-off with unions is beginning to cause lasting damage to the economy. Even some right-wing media supporters are urging ministers to come to the negotiating table to compromise on pay
Weiterlesen »
England 1-2 France: Rating the players as Three Lions bow out of World Cup - Football365That was a pisser, wasn't it? The two Harrys will inevitably get grief but England can return from the World Cup with their heads held high. Chin up, lads.
Weiterlesen »