Monday, 4 September 2017

No interest rate rise for at least a year, economists say

Many economists do not expect UK interest rates to rise until 2019 despite inflation remaining above target, according to a BBC snapshot.

They believe that the Bank of England's Monetary Policy Committee (MPC) will be reluctant to raise rates during Brexit negotiations.

Inflation stood at 2.6% in July - well above the Bank's official target of 2%.

Half the economists contacted by the BBC think wages growth will outpace inflation in the first half of 2019.

BBC      News.