MPC likely to freeze Interest rates - papers -10th March

The Bank's Monetary Policy Committee (MPC) is likely freeze interest rates at 4.75%, economists say. The MPC indicated last month that an increase in rates "might be warranted in due course" if the economy evolves in line with the Bank of England's central projections. Ross Walker at the Royal Bank of Scotland says a rate rise was improbable this month, but could come in May. He says: “I never thought March was a serious runner for a rate hike and the softer retail surveys from the CBI and BRC should kill off any lingering expectations of a rise.” THE Bank of England should move to ...