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| Expert: Interest rate unlikely to change |
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| Latest Recruitment News - HR and Recruitment Legislation News |
| Written by DirectNews Feed |
| Tuesday, 02 November 2010 00:00 |
 People in finance jobs in London might be interested to note one expert's opinion about the outcome of the forthcoming Bank of England policy meeting.According to Michael Baxter, editor of online resource Investment and Business News, the Bank's Monetary Policy Committee (MPC) is likely to maintain the country's base interest rate at 0.5 per cent during its get together later this week (November 4th). Mr Baxter believes that the MPC will not wish to raise the rate from this low - which it has been at for more than 18 months - despite official figures showing last week that the country's gross domestic product grew by 0.8 per cent throughout the third quarter of the year. "I don't think interest rates are going to change for a long time but I think we will see some more quantitative easing (QE)," he stated. The expert went on to say that the Bank will operate further QE by buying bonds in financiers that are "more advertently geared towards lending towards business". Posted by James Strang 
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