You are here: Home - News -

Interest rates remain at 4% for the moment

by:
  • 31/01/2003
  • 0
Interest rates look set to remain at 4% for the coming months, following the Monetary Parliamentary ...

Interest rates look set to remain at 4% for the coming months, following the Monetary Parliamentary Committee’s (MPC) decision not to move them for the fourteenth month running. Only Christopher Allsop and Stephen Nickell voted for a cut in rates.

Speaking in Glasgow, Sir Edward George, governor of the Bank of England, warned against a cut in rates, saying it would be wrong to set policy on the worst case economic scenario. He said it was unlikely the housing market would ‘run for cover’ while the labour market remained in good shape, and the prospects for inflation and interest rates remained relatively benign.


Tags

There are 0 Comment(s)

You may also be interested in

  • RT @specialistsols: Do you want to attend a high quality specialist lending event with great speakers, content & exhibitors? Don't just tak…
  • RT @specialistsols: Voting opens next week for #BSLA2019 - get in touch with lorraine.francisco@ae3media.co.uk if you want us to create som…
  • RT @VickyHartleyMS: Help to Buy is ‘another time bomb waiting to go off’ – Star Letter 30/11/2018 - Mortgage Solutions https://t.co/YDaTNeI…

Read previous post:
The balance of power

Following the sea change prescribed in 2002, what developments will we see this year that could tip the balance of...

Close