Further interest rate hike expected

June 29, 2007
The likelihood of a further interest rate rise taking the base rate to 6% appeared likely, as Bank of England governor Mervyn King warned ministers that inflation was still a problem. Despite signs of a slowing market and "tentaive signals of slowing consumer demand," inflationary risks were still apparent, said King. King was outvoted by other MPC members in his …

Continue reading

To continue reading this article please login or register.

Login

Forgot your password?

Register for free

Quick and free registration

Register