Clamour for interest rate cut swells
Article Abstract:
The Bank of England is coming under increasingly strong pressure to reduce the interest rate. Most observers believe that the next change in interest rates will be down, rather than up, with City analysts believing that base rates have peaked at 7.5%. Expectations of a cut in the interest rate have been fuelled by indications that the domestic economy is slowing. However, this would not by itself be sufficient to persuade the Bank of England to reduce rates, experts believe.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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Bank under fire over rate shock
Article Abstract:
Most economists in the City of London, England, have been critical of the unexpected decision by the Bank of England to raise interest rates by 0.25% to 7.5% The move led to falls in share prices, with the blue-chip FTSE 100 share index dropping by 50 points. The Bank of England believes that indications of a rise in the rate of private sector earnings, along with the relative weakness of the pound recently, are sufficient justification for a rise in interest rates.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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Strong figures make City nervous ahead of MPC meeting
Article Abstract:
Financial markets in the UK are likely to be rather unstable in the run-up to the meeting of the Bank of England's Monetary Policy Committee on Dec 4, 1997. This is because recent economic indicators show strong growth, with consumer credit rising and companies finding it increasingly difficult to keep up with demand. Most experts believe that the Bank of England will not increase interest rates, although rates could rise in early 1998.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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