Fri, 13 Sep 2013 12:02:04 GMT
Bank of England may increase rate in 2015
Taking into account the latest Bloomberg survey, investors expect from the Bank of England to increase the key interest rate in the first six months of 2015. Nowadays, the benchmark rate stand at 0.5%. BoE officials say that the easing program will continue until the unemployment rate reaches 7%. Alongside, economists think that they will have to wait at least until 2016