Wednesday, April 23, 2008

Banks £50bn rescue plan will allow BoE to keep interest rates higher!

Bank of England hawk sees inflation risk if interest rates cut

Hopes that the Bank of England will slash interest rates have been undermined after a key policymaker hinted that the Bank's rescue plan for credit markets will free it up to use rates to fight inflation.

Posted by munimula @ 07:17 AM (458 views)
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