Watch this space
Article Abstract:
United Kingdom interest rates may rise prior to year-end 1999, although inflation is under government target levels, and is set to drop further.The rate rise is likely because the impact of interest rates is not felt for some two years, and inflation could rise due to a tight labor market and its possible impact on wages. Import prices could also rise as commodity prices rise and the value of pound sterling drops. There are disagreements among members of the Bank of England Monetary Policy Committee which decides on interest rates according to economic forecasts.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Bank squeezed, policy eased
Article Abstract:
United Kingdom interest rates have been reduced by 0.25% to 7.25% in Oct 1998. The Bank of England decides on interest rates, and argues that the world economic situation, and declining consumer and business confidence in the UK could depress inflation to below the target of 2.5%. The Treasury has revised downwards a forecast for economic growth for 1999, and the new forecast is thought to be for 1% growth. Some economists forecast growth of only 0.5%, and J.P. Morgan forecasts a recession for 1st half 1999.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Touch and go
Article Abstract:
British interest rate policy, and the impact of the drop in value of pound sterling in relation to the US dollar, are examined in detail.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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