Thursday, 4 August 2011

Interest Rates Will Remain Unchanged Says Economists

According to economists questioned by the BBC, interest rates will remain 0.5% until at least the end of the year.

The BBC asked 32 experts whither or not they felt that the Bank of England would increase the interest rate from it's record low of 0.5% and 26 said they felt interest rates would not change.

Over 50% did say they expected rates to rise by the end of 2012 and to reach 1.5%.

The BBC results have been released just prior to an announcement on the interest rates which are expected around 12pm BST today.


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