The Bank of England set the cost of borrowing at its highest level in 14 years, with experts warning of further rises to come in coming months
on Thursday, with three members voting for a 0.75 point rise and one member a rise of just 0.25 points.
Robert Salter, a partner at tax and advisory firm Blick Rothenberg, added: “With the level of Government borrowing set to rise due to the expected tax cuts and the cost of the energy price freeze, I certainly imagine interest rates going to 4 or 5 per cent personally, just because if you look at things on historical basis that’s not particularly high.
“Given the shock and awe tactics of other central banks, who appear to be bringing forward planned rate rises for 2023 into the next few months, the Bank of England is also expected to keep pulling tight on the monetary policy rope to try and tug inflation down with forecasts that interest rates may reach anywhere between 3.5% and 4.75%. It’s clear the path ahead is fraught with uncertainty.’’
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 seeks support for Oracle CloudAfter venturing into HCM, UK's central bank embarks on finance and procurement journey with Big Red
Weiterlesen »
Bank of England lifts interest rates by 0.5 percentage points\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Weiterlesen »
UK may already be in recession, says Bank of EnglandThe warning comes as the Bank raises interest rates to 2.25% - the highest level for 14 years.
Weiterlesen »
Bank of England hikes interest rates to 2.25% and indicates UK is already in recessionInterest rates had widely been predicted to rise as the BoE tries to tame soaring inflation which currently sits at 9.9 per cent, just off a 40 year high
Weiterlesen »
The Bank of England has revealed another interest rate hike – the biggest since 2008UK interest rate rise: Bank of England reveals biggest interest hike since 2008 amid cost of living crisis
Weiterlesen »
UK may already be in recession - Bank of EnglandThe warning comes as the Bank raises interest rates to 2.25% - the highest level for 14 years.
Weiterlesen »