Product category:
Savings and investment
News Release from: Barclays Wealth Management | Subject: Investments
Edited by the Insidemoneytalk Editorial
Team on 08 October 2007
Barclays Stockbrokers comments on
today's interest rate decision
Commenting on MPC interest rate decision of 5.75%, Henk Potts, Equity Strategist at Barclays Stockbrokers said: "We have now reached a peak in the interest rate cycle and the next move will be down.
"August's Inflation Report was a very hawkish affair and in the absence of the credit crunch, the Monetary Policy Committee would have more than likely raised rates "The key to future interest rate movements will be November's Inflation Report; the consumer price index is now below the Bank of England's target, but should return to target in the medium term
That is why we think the Bank's rates will stay on hold until the end of the year with some rate cuts likely towards the end of the first half of 2008.".
• Barclays Wealth Management: contact details and other news
• Email this article to a colleague
• Insidemoneytalk Home Page
