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Rates hold expected as Europe faces rise
Date 04/04/2011 14:57  Author webmaster  Hits 969  Language Global
04 APR 2011

Daily Express

THE Bank of England is expected to leave interest rates unchanged this week but a likely rise in eurozone rates has brought a warning it could damage the European economy.

Analysts think the Bank’s Monetary Policy Committee (MPC) will keep UK rates on hold 0.5 per cent on Thursday.

Rising concerns about inflation are likely to be outweighed by worries about the fragile economic recovery as government austerity measures start to bite and consumer confidence weakens.

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