Rate Rises Pushed Back to Late 2011

LONDON, March 18, 2010 /PRNewswire/ -- US rates will not rise for another year - a dramatic change in the forecast from the Economist Intelligence Unit.

Economic weakness means that a further twelve months will elapse before the Fed ups rates leaving them on hold till late 2011. This means that the UK, Europe and Japan will delay their rates till after the US which means business and homeowners can look forward to flat rates for a long while to come.

In an interview with financial broadcaster http://www.cantos.com, EIU editorial director Robin Bew explains the change in forecast as well as the importance of Latin America as a region of growth and the continuing pessimism in some parts of Europe.

The video interview and transcript are available now on http://www.cantos.com.

Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email [email protected] or phone +44-207-936-1352.

SOURCE Economist Intelligence Unit

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