December 8, 2011 2 Comments
Unsurprisingly, the Bank of England (BoE) has voted to keep interest rates on hold again and it seems everyone is talking about how long they will remain at such low levels for. Taking a quick glance through the finance pages, even the economists can’t agree.
The first increase is expected to occur anywhere between 2013 and 2015 – quite a range of ‘predictions’ (with a spread like that, it’s hard to think of them as ‘forecasts’). So we thought we’d ask SONIA. No, not the Liverpudlian pint-sized pop princess, the Sterling Overnight Index Average. Read more of this post