0800 097 3653
Bank of England can have a further rate rise
London (go4ukloans) March 30, 2007
Economists have predicted that 0.25 percent rise can be there in the base rates of the Bank of England. This could be done by the Bank in a bid to control the rising inflation in the country. Since August, the bank has already increased the base rates three times till now.According to the CBI (Confederation of British Industry), the retailers have enjoyed best in the month of March. DIY stores and shops did well by selling household goods like carpets and furniture.
The chief UK economist at Global Insight, Howard Archer has stated: “The consumer is still very much alive and kicking, a fact that will boost retailers’ confidence in their pricing power and lead them to try and push through more price increases to boost their margins.” This can be reason for the interest rate hike. The hike in the interest rates could be seen very soon. Another rate rise will affect millions of borrowers, who have to pay off mortgages, personal loans and credit card bills.
Other Related News:
London (go4ukloans) March 30, 2007
Economists have predicted that 0.25 percent rise can be there in the base rates of the Bank of England. This could be done by the Bank in a bid to control the rising inflation in the country. Since August, the bank has already increased the base rates three times till now.According to the CBI (Confederation of British Industry), the retailers have enjoyed best in the month of March. DIY stores and shops did well by selling household goods like carpets and furniture.
The chief UK economist at Global Insight, Howard Archer has stated: “The consumer is still very much alive and kicking, a fact that will boost retailers’ confidence in their pricing power and lead them to try and push through more price increases to boost their margins.” This can be reason for the interest rate hike. The hike in the interest rates could be seen very soon. Another rate rise will affect millions of borrowers, who have to pay off mortgages, personal loans and credit card bills.
Other Related News:
