March 3, 2009
Interest rates to rise
Story link: Interest rates to rise
While rates continue to fall, there are already people suggesting that rates will begin to rise, which they mostly probably will do.
The economy depends on the likes of interest rates to create some kind of stability
Official UK interest rates will need to rise before any economic recovery is felt on the ground to stave off the risks of an inflationary surge, former Bank of England Deputy Governor John Gieve said.
“We’ve got to hold on to the fact that inflation will be kept low,” Gieve said in an interview with the Sunday Times.