Latest on Interest Rates
Written by JDPGlobal | Wednesday, 20 July 2005
JDP analysts forecast the Bank of Englands rate target to be set at 4% by June 2006.
Numerous British industry bodies have called for an interest rate cut to help stimulate the economy. The interest rate cut is now anticipated next month; especially since the Bank of England agreed to halt rates in June.
Data out later this week, which JDP will report on, expects to illustrate that the economy is slowing down. Levels of consumer spending has startled some economists and has prompted the monetary policy committee (MPC) to make an interest rate decision.
