When Will BoE Finally Raise Interest Rate?
WITH THE BANK OF ENGLAND FAILING to raise the base interest rate yet again, bookmakers William Hill believe it is an odds-on shot that the rate will not rise before July 2016 at the earliest - and offer 4/9 that that will be the case.
Hills offer 10/1 that there will be a shock December rise, and 2/1 that it will rise between January and June 2016.
And with some pundits arguing that the rate may go down before it goes up, Hills are offering odds of 4/1 about that happening, and 1/7 that the next move in the base rate is upwards.
'Despite several hints in recent months that the time may be right to raise the rate in the not too distant future, yet another month has come and gone without it happening and there will be plenty prepared to take a punt that it doesn't happen before nenxt July' said Hill's spokesman Graham Sharpe.
WHEN WILL BOE BASE RATE NEXT INCREASE?.....10/1 2015; 2/1 Jan-June 2016; 4/9 July 2016 or later.
WILL RATE FALL BEFORE RISING?.......1/7 NO; 4/1 YES.
Further information......Graham Sharpe.....0780 3233702