Mias predicts a cut in interest rates by the summer
Released on = March 9, 2006, 5:30 am
Press Release Author = Michael Hanna
Industry = Financial
Press Release Summary = An interest rate "0.25% reduction likely by the second quarter of 2006" says MIAS
Press Release Body =
MIAS (the Mortgage and Insurance Advisory Service) has predicted that the Bank of England is likely to cut the base rate by 0.25% by summer 2006, with a further reduction of 0.25% possible later in the year.
On recent developments - not least the Bank's latest quarterly inflation report (which predicted that inflation would stick close to its 2% target) - have dampened down expectations of a cut. However, Web Site = http://www.mias-ltd.co.uk
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