By Barbara Zigah Market players had been hoping for an interest rate hike from the Bank of England, even though analysts had predicted that there was only a 20% chance that the Bank’s Monetary Policy Committee would do so. And analysts were right; according to the statement issued by Mervyn King, the governor of the [...]
Tag Archives: pound sterling
How Much Longer Can UK Rates Stay Low?
By Barbara Zigah Later this week, the Bank of England’s MPC (Monetary Policy Committee) will be meeting to discuss, among other things, the possibility of an interest rate hike in an effort to curtail growing inflationary pressures. Most analysts, economists and seasoned traders are in agreement that a U.K. central bank rate hike won’t be [...]
