LONDON — The Bank of England may be preparing to warn both investors and regular Brits that they cannot expect interest rates to stay as low as they are forever, and that further rises in inflation in the coming months could lead to rising rates.
ADVERTISEMENT
The Bank of England is ready to make clear that rates can't stay this low forever
The bank's Monetary Policy Committee holds it September meeting this week, and is expected to warn on the potential for rate rises.
The bank's Monetary Policy Committee will meet this week, and while it is highly unlikely that it will announce any changes to its key policies — meaning a base interest rate of 0.25% and a quantitative easing programme capped at £435 billion — the Bank's tone could shift substantially.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
ADVERTISEMENT