Gerrard says base interest rate to remain at 4% until year end

In a note commenting on the minutes of the last Monetary Policy Committee meeting released yesterday, Gerrard chief economist Simon Rubinsohn says he does not now expect any rate rises until the year end. This view reflects the trend of other economists to push the first rate rise further into the future, or possibly into next year. Last week Britannia managing director Gerald Gregory said his firm was shifting its house view to a single rate rise by the end of the year from two previously. Rubinsohn says the key to keeping rates low is slow wage inflation, despite ongo...