Wednesday, January 9, 2008
Will interest rates fall below 5% by April?
Henk Potts, Investment Analyst, Barclays Stockbrokers, comments on the forthcoming interest rate announcement: "The pressure has been building and building on the Bank of England to cut interest rates this week. A mixture of a weakening property market, tightening credit conditions and falling business and consumer confidence are all conspiring to force the Monetary Policy Committee to act sooner rather than later. We expect a quarter point cut on Thursday and further quarter point cuts in February and April, taking interest rates back to 4.75%."