Will The Monetary Policy Committee Cut Rates?

Barclays Stockbrokers believe that weakening property markets and tightening credit conditions, together with falling business and consumer confidence, will force the Monetary Policy Committee to cut rates. Henk Potts, investment analyst, Barclays Stockbrokers, comments on the forthcoming interest rate announcement: “The pressure has been building and building on the Bank of England to cut interest rates this week. Potts added, “We expect a quarter point cut on Thursday and further quarter point cuts in February and April, taking interest rates back to 4.75%.”


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