Interest Rates to Rise from Year End?
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Inflation is back, so when will interest rates rise? Because they will rise!
Reuters published a poll of opinions from a panel of 64 economists on 1st April and whilst it masks a range of views, the consensus is a start to the inevitable rise by the end of this year and then 0.25% increases every 3 months throughout 2011.
No doubt reality will not follow the trend they forecast exactly, but the message to businesses is that the variable costs of base rate linked debt – allowing for the lenders’ margins – could conceivably double during the next 18 months.
The Reuters article can be read in full here:- http://uk.reuters.com/article/idUKTRE63023D20100401
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