Monday, January 24, 2011
MPC may start raising interest rates as early as March 2011 (Simon Ward – Henderson GI)
The Monetary Policy Committee (MPC) may start raising interest rates as early as March this year, according to Simon Ward, the chief economist at Henderson Global Investors. The minutes of Januaryâ€™s MPC meeting, which kept rates on hold again at 0.5%, are released on Wednesday. Ward says if these show that Andrew Sentance received more support among fellow MPC members for a rate rise, then the first hike could happen as soon as March. â€œEither rates will rise soon or they wonâ€™t at all,â€ says Ward.