(Bloomberg) -- The Bank of England may raise its
benchmark interest rate for the fifth time in a year today to
bring inflation under control, a survey of economists shows.
The nine-member Monetary Policy Committee, led by Governor
Mervyn King, will increase the Bank Rate a quarter-point to 5.75
percent, the highest since April 2001, according to 53 out of 60
economists surveyed by Bloomberg News. The remainder forecast no
change. The bank will announce the decision at noon in London.
Read more at Bloomberg Currencies News
benchmark interest rate for the fifth time in a year today to
bring inflation under control, a survey of economists shows.
The nine-member Monetary Policy Committee, led by Governor
Mervyn King, will increase the Bank Rate a quarter-point to 5.75
percent, the highest since April 2001, according to 53 out of 60
economists surveyed by Bloomberg News. The remainder forecast no
change. The bank will announce the decision at noon in London.
Read more at Bloomberg Currencies News
No comments:
Post a Comment