Advisers downbeat on MPC base rate move

A survey of more than 400 IFAs at the ABC Bonds Roadshow - hosted by AXA Investment Managers, Baring Asset Management and Cazenove Capital - found 31% forecast a static base rate for a minimum of 12 months. One in 10 expect the Monetary Policy Committee (MPC) to wait two years before upping rates while 6% anticipate an increase of some sort before the end of March. Elsewhere, one in four expects it will take six months before we see a rise, while the remaning 28% do not expect an increase for at least nine months. "As fourth quarter GDP data showed the UK economy only barely...