All eyes on interest rates: Will they go up?
Episode 4, Oct 20, 2021, 08:25 AM
In this episode, the finance expert delves into the dilemma faced by the Bank of England amid a slow and sluggish economic recovery. Unemployment is still high and the government’s austerity measures, spending cuts and tax rises are likely to keep spare capacity in the economy. So, as we draw closer to the end of the year, what does 2022 look like?
Interest rates have remained at record low of 0.5 per cent since March 2009. With the UK economy still struggling to recover from one of the longest recessions on record, what’s in store for interest rates?