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.

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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