The Bank of England has increased interest rates by one quarter of a percentage point on three occasions since last summer, in August and November of 2006 and in January of 2007. January‟s increase in the base rate to 5.25% surprised many analysts, most of whom had expected the decision to be delayed until February. Although rates were kept on hold in February and March, most commentators are expecting a further increase in April or May.
|Number of pages||6|
|Journal||Quarterly Economic Commentary|
|Publication status||Published - Apr 2007|
- Fraser of Allander Institute
- monetary policy
- monetary tightening
- Scottish economy