City looks to BoE rate rise in May

The City today priced in an interest rate rise in May with potentially two more hikes to come later in the year.

City looks to BoE rate rise in May
Wed, 16 Feb, 2011 - 15:09

The City today priced in an interest rate rise in May with potentially two more hikes to come later in the year.

But while a rate hike is clearly on the horizon, Bank of England governor Mervyn King has urged the City not to jump the gun.

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CourtsBusinessHeathrowPlace: UKPerson: Mervyn KingPerson: Simon HayesPerson: David KernPerson: Howard ArcherPerson: KingPerson: Chris WilliamsonPerson: MarkitPerson: Jonathan LoynesPerson: Philip ShawOrganisation: BoEOrganisation: Bank of EnglandOrganisation: Barclays CapitalOrganisation: MPCOrganisation: British Chambers of CommerceOrganisation: BCCOrganisation: Capital EconomicsOrganisation: Investec
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