Lloyds TSB anticipates base rate to be held

Money News

www.moneynews.co.uk > General finance > Lloyds TSB anticipates base rate to be held

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

Lloyds TSB anticipates base rate to be held

Lloyds TSB has predicted that the Bank of England's monetary policy committee (MPC) will hold the base interest rate when it makes its monthly decision this week.

Trevor Williams, chief economist at Lloyds TSB Corporate Markets, said that the decision not to raise rates was "almost certain", given the current financial situation in the UK.

"The housing market has proved remarkably resilient to the interest rate increases seen so far and is only just starting to slow down," he explained.

"Moreover, the economy remains pretty robust, with growth and retail sales figures both still strong, meaning a rate cut is almost certainly ruled out."

Additionally, Mr Williams said that other factors may also contribute to the Bank's decision - including the current low rate of inflation and credit market turbulence.

The MPC has raised the base rate five times in the past 14 months.

Related News : General finance

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Related News : LloydsTSB

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet