Bank's focus 'has changed'
News Category: Industry News
Published: 03-Apr-2009
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Landlords and other property owners will see interest rates stay at 0.5 per cent for the foreseeable future.
At least that is the view of senior economist at the Centre for Economics and Business Research Charles Davis, who thinks the rate is now at the "bottom".
The Bank of England's monetary policy committee, which will be making its next interest rate decision at noon on Thursday April 9th, has apparently now changed.
Mr Davis: "The main thing now will be about quantitative easing and assessing how that policy is panning out. Looking at its effect on lending and on the cost of borrowing - for corporate in particular - and that is the key emphasis now."
Meanwhile, UK chief economist at Lloyds TSB Trevor Williams believes the way the money market operates will be "seriously" affected in an adverse way if interest rates are reduced any further this month.
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