Interest rates to fall sooner rather than later

The latest BDO Business Trends report claims short term business confidence has dipped indicating a slowdown in the UK economy. And although an interest rate cut is unlikely this month BDO says interest rates will come down sooner rather than later. The report reveals that optimism and output are both weak suggesting the Treasury will miss growth targets set of between 3% and 3.5% instead posting just 2.2% in the first quarter of 2005. And while the minutes of the latest meeting of the Monetary Policy Committee (MPC) reveal two of the nine members of the committee voted for a cut in i...