The Bank of England will not hike interest rates until 2013 as the economic recovery remains "pretty weak," former Treasury adviser Roger Bootle has said, a day after Bank Governor Mervyn King dismissed an early rise due to the "sheer volume of debt in the economy".
Bootle, who is now an economic adviser at Deloitte & Touche, added in a report by the auditor it is "not out of the question" the Bank will need to issue more quantitative easing, according to Bloomberg....
Eyes further rate cuts
Global markets have seen heightened volatility during the coronavirus crisis and, here, Brendan McCurdy assesses the performance of more traditional 'safe haven' asset classes...
Is it 'capitulation'?
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Over-valuation in tech, software and consumer staples
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