Britain: Interest Rates: The Pressure Is Still OnStanley Reed
The Bank of England crossed up just about everybody by raising its base lending rate by a quarter point, to 7.5%, on June 4. Most economists had thought that interest rates had peaked or would remain stable for several months.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.