|
|
Article: Bank policy committee expected to leave interest rates on hold
- Article from:
- Yorkshire Post
- Article date:
- November 5, 2007
CopyrightCopyright 2007 Yorkshire Post. Provided by ProQuest LLC. (Hide copyright information)
|
Borrowers are unlikely to benefit from lower interest rates this
week as the economy remains resilient despite recent financial
market turmoil, experts predict.
The Bank of England's nine-strong Monetary Policy Committee (MPC)
begins its two-day meeting on Wednesday with most economists
expecting interest rates to be held at 5.75 per cent for the fourth
month in a row.
The sharp slowdown feared following the financial shockwaves
during August and September - as well as the confidence jolt from
the woes of Northern Rock - seems yet to fully emerge after after a
series of stronger-than-expected economic ...