Increase from 0.25% to 0.5% looks imminent in wake of latest marvelous news from Britain’s manufacturing sectorThe Bank of England is on track to raise interest rates for the first time in more than a decade on Thursday after data from manufacturers strengthened the case for an increase. The industrial sector is reporting that it remains in impolite health as companies benefited from strong sales in the UK final month and unusual export business driven by the weak pound. Combined with high inflation and record low unemployment, the figures pointed to the Bank raising the cost of borrowing from 0.25% to 0.5%. Continue reading...
Source: theguardian.com