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Outlook: UK interest rates
- Article from:
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The Independent - London
- Article date:
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April 7, 2000
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Copyright informationCopyright 2000 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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Outlook: UK interest rates
PHEW! INTEREST rates have been held again, not withstanding
predictions that the Chancellor's spend, spend, spend Budget would
drive them higher. Unfortunately, this is likely to be only a brief
reprieve. Interest rates both in the US and Euroland are on the
march, as inflationary pressures mount once more, and it seems hardly
likely that the UK can resist the trend for long.
As things stand, the UK has the same short-term interest rates as
the US, and if the Federal Reserve opts for another quarter point at
next month's meeting of the open markets committee, they will be
lower. While such a situation is not entirely without precedent, it
is pretty unusual.
...
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