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Article: Interest rates expected to hit a record low of 0.5% tomorrow; The MPC is also likely to vote to print more money.(Business)
- Article from:
- Western Mail (Cardiff, Wales)
- Article date:
- March 4, 2009
CopyrightCOPYRIGHT 2009 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Sion Barry Business Editor
FURTHER action on interest rates will be taken by Bank of England policymakers this week, analysts have predicted.
The Bank's Monetary Policy Committee starts its two-day monthly meeting today, where it is likely to take further action on the cost of borrowing, as well as using other economic tools to give the economy a boost.
Economists expect borrowing costs will hit a new record low of 0.5% tomorrow, as rates fall for the sixth month in a row.
A formal vote to begin so-called "quantitative easing" - ...