- MarketPulse - https://www.marketpulse.com -

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 [1]

This article 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 Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.


Latest posts by marketpulsefxstaff (see all [4])