UK Interest Rates On Hold Despite Inflation FearsBy Economist Intelligence Unit, PRNE
Wednesday, January 26, 2011
LONDON, January 27, 2011 - In spite of City demands for a modest increase in rates, Robin Bew at the
Economist Intelligence Unit believes the Bank of England will keep rates
where they are. The economy remains too weak to sustain a rate increase even
if inflation trends higher.
In his latest Global Forecast broadcast on www.cantos.com, the
EIU's editorial director believes banks must not be over-regulated as a
result of Basel III.
The point isn't to worry about banking strength, he says, but to make
sure these financial institutions function in such a way that the wider
economy gets the volume of credit it needs.
The interview and transcript are available now on
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Tags: Economist Intelligence Unit, January 27, London, United Kingdom