Interest rates could rise again - UK
‘Charles Bean, chief economist at the Bank of England, has warned that it is too early to be sure interest rates will not rise again soon.
Earlier in the year economists predicted that interest rates would stall at five, or five and a quarter per cent. However, the rapid cooling of the housing market and other economic data has led many people to predict interest rates have stopped climbing.
But Mr Bean, addressing business leaders in Colchester, warned that recent speculation in the media suggesting there would not be another hike in the rate was premature.’
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