if central banks don't start cutting them soon, it could actually increase inflation
- Written by Alan Shipman, Senior Lecturer in Economics, The Open University
What next for interest rates? The Bank of England’s Monetary Policy Committee (MPC) is widely expected to leave them unchanged when it meets on November 2, despite the fact that UK headline inflation is still at 6.7%. If so, it will mark the second monthly freeze in a row, following 14 consecutive...