Abstract
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.
Original language | English |
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Pages (from-to) | 53-58 |
Number of pages | 6 |
Journal | Quarterly Economic Commentary |
Volume | 31 |
Issue number | 3 |
Publication status | Published - Apr 2007 |
Keywords
- Fraser of Allander Institute
- monetary policy
- monetary tightening
- Scottish economy