Lloyds TSB: Interest rates to stay level

Money News

www.moneynews.co.uk > General finance > Lloyds TSB: Interest rates to stay level

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: Interest rates to stay level

Lloyds TSB is among the financial institutions who believe the Bank of England's monetary policy committee (MPC) will keep rates steady at 5.25 per cent.

In an Adfero poll of eight economists, all suggested there would be no change when the MPC votes on interest rates next week.

Jeavan Lolay, Lloyds TSB economist, said the minutes of last month's MPC meeting suggest members are worried about "the trajectory for inflation in the short-term", but are yet to agree about the risks of "the risks of the secondary effects of inflation going into wages".

The Lloyds TSB economist suggested the MPC would take a wait-and-see approach to GDP data for the first quarter of 2008, as well as movements in gas and electricity prices.

Halifax chief economist Martin Ellis also predicted no change to the interest rate next week, but suggested there might be a cut in May and another reduction later this year.
ADNFCR-323-ID-18490050-ADNFCR

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