UK Bank Rate rise crystal ball-gazing, as February 2016 pegged for likely date
Category: Economy & Interest Rates & Uncategorized
In August 2015, unemployment increased for the second month in a row, adding weight to the arguments of ratesetters in the âlower for longerâ camp. Latest ONS figures showed the jobless total up 25,000 in the three months to June to a total of 1.85 million, however, the unemployment rate itself did not shift. Interest rates were held in early August by a vote of 8 to 1, as the Bank released its latest inflation report showing expectations that a first rise would come in or around February 2016.
