Monday, February 14, 2011

Rates are expected to rise in UK owing to rise in inflation

It is very much likely for the Bank of England to announce arise in the interest rates. The inflation report that was released recently forecasted a rise in inflation and growth in the United Kingdom. The rising inflation has to be curbed and the raising of the interest rates is one of the main ways of doing that.
According to a source associated with the BNP Paribas it is expected that the bank’s report will show a upward revision of the

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