Interest rates to fall twice before end of year

The latest BSO Business Trends Report claims inflationary pressures on the UK economy have eased enough to allow the Bank of England’s monetary policy committee to lower the base rate by 0.25% when it meets on Thursday with a further cut still to come in early autumn. While a cut in interest rates this months in wiedely aniticipated and further cut in rates is less certain. But the report claims there has been a sharp decline in consumer spending and the housing market leading to the BDO output index taking its most dramatic fall since April 2001. The BDO inflation index also declined ...