When will interest rates rise?

When will interest rates rise?

By The Times

For 75 months the Bank of England's rate-setting committee has left rates unchanged at 0.5 per cent. No action is actually expected until the second quarter of next year, but this month's minutes from the Monetary Policy Committee could show that two of the nine members have voted for a rate rise. Any hint of a hawkish tone and sterling will bounce, says Philip Aldrick, our Economics Editor. Over in the US, it wasn't that long ago that a rate rise was expected this month. That's no longer the case, but, as Alex Frean, our US Business Editor points out, the US Fed are likely to move before the end of the year.On the corporate front we will get full-year results from Poundland. As Richard Fletcher, The Times Business Editor, points out, the discounter has recently been downgraded by its house broker for the coming year meaning all eyes will be on its outlook. Unlike in the US, discounters in the UK are not quite as entrenched. You can find out if all the predictions were right as the news breaks on...

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