The Bank of England : poised to raise rates
(Picture: PA Archive)As of today, it seems highly likely UK interest will rise next week in the first back-to-back rate rise since 2004. Economists expect rates to then rise perhaps three more times this year, reaching as high as 1% by summer.
The Bank of England put rates up in December from 0.1% to 0.25%. The City thinks they will go to 0.5% at the Monetary Policy Committee meeting on Thursday.
