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Published : August 08, 2007 |
Author : admin
Category : Finance | Total Views
: 193 | Rating :  
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The Bank of England predicted that inflation will return to it's target rate of 2% by 2009 if interest rates move in line with expectations. This is thought to mean that a further increase in interest rates to 6% will almost certainly come in before March 2008. Other analysts expect this rise to happen before December 2007 though. The rate of inflation has already dropped from 3.1% to 2.4% between March and June 2007 , largely due to reductions in gas and electricity prices. After five quarter per cent increases since August 2006, the base rate currently stands at 5.75%. |
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The decision date is almost upon us for the status on reclaiming unfair bank charges and new rules are set to come into place for loans charges too. |
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