When do you think the Bank of England will raise interest rates?
2015 for sure! The drop in inflation has bottomed and the U.K. is still in recovery mode.
2016 I think. The U.K. will be held back by the global economy, but should turn once the fresh stimulus from other central banks takes effect.
2017 or beyond. The U.K. will fall out of recovery mode and back into recession thanks to global weakness.
Not in our lifetime. Low or no interest rates is the new normal and only way to support economies now.
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