UK Interest Rates On Hold Despite Inflation Fears

LONDON, January 27, 2011 /PRNewswire/ -- In spite of City demands for a modest increase in rates, Robin Bew at the Economist Intelligence Unit believes the Bank of England will keep rates where they are. The economy remains too weak to sustain a rate increase even if inflation trends higher.

In his latest Global Forecast broadcast on http://www.cantos.com, the EIU's editorial director believes banks must not be over-regulated as a result of Basel III.

The point isn't to worry about banking strength, he says, but to make sure these financial institutions function in such a way that the wider economy gets the volume of credit it needs.

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

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

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED