CCR Magazine

You are here  :Home arrow News arrow Can the MPC continue to keep interest rates as they are with inflation at 3%?
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Can the MPC continue to keep interest rates as they are with inflation at 3%? PDF Print E-mail
Friday, 09 February 2018
Following the Bank of England inflation report and MPC interest rate decision, Richard Pike, Phoebus Software sales and marketing director, says “Although inflation edged back in December it is still 50% above the target set by the government.  The MPC forecasts that inflation will remain at this level, at least in the short term, which puts more pressure on the bank to act.  With this in mind, I expect to see a further base rate rise sooner than we would have expected at the end of 2017.  A rise would clearly have an effect on mortgage rates for new and existing borrowers and so it will be interesting to keep an eye on movement in swap rates.  Clearly, any upward movement will put further strain on indebted households and this could have a far wider effect on the UK economy in general.”  
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197