BoE Expected to Endorse Market Expectations of Rate Rise

The Bank of England will give a clear signal on Wednesday that interest rates are likely to rise before next year’s general election.

With the UK on course to be the fastest growing major economy this year, the Bank’s Governor, Mark Carney, is expected to endorse market expectations of a rate rise in the first quarter of 2015, three months earlier than had been forecast in February.

The Organisation for Economic Co-operation and Development said on Tuesday that Britain was settling into a period of “above-trend” growth, and the Bank could raise its growth forecasts for 2014 and 2015 from its current projections of 3.4pc and 2.7pc.

Telegraph

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.