Business news By Graham Sharpe

4/1 Bank of England Interest Rate To Fall Before It Rises

BOOKMAKERS William Hill are offering odds of 4/1 that the Bank of England interest base rate will fall before it rises from its current 0.5% rate, where it has been stuck for years.

And William Hill doesn't believe it will rise from 0.5% until at least July next year.

'We have been taking bets on when the base rate will rise for some years now, but we are now seeing some punters wanting to bet that it will fall before it ever rises' said William Hill's spokesman Graham Sharpe.

WILLIAM HILL:

BANK OF ENGLAND 0.5% INTEREST BASE RATE TO FALL BEFORE IT RISES?.......4/1 YES; 1/7 NO

WHEN WILL BANK OF ENGLAND BASE RATE, CURRENTLY 0.5% NEXT RISE?.......10/1 2015; 2/1 Jan-June 2016; 4/9 July 2016 or later.