• Text size
  • Send this article to a friend
  • Print this article

Rates cut by MPC seen as unlikely

City pundits expect the Bank of England to keep interest rates steady at 5.75% when it announces its latest policy decision today despite recent turbulence in the financial markets sparked by the US sub-prime mortgage crisis, record oil prices and a credit squeeze.

City pundits expect the Bank of England to keep interest rates steady at 5.75% when it announces its latest policy decision today despite recent turbulence in the financial markets sparked by the US sub-prime mortgage crisis, record oil prices and a credit squeeze.