Belfast Telegraph

Predicting the future is Thursday work

It's a big day on Thursday for all you interest rate watchers out there.

Not only is the Bank of England holding its Monetary Policy Committee meeting but the top bean counters from countries as far afield as New Zealand are putting their heads together to try and decide how to steer their economies. Except they're not really expecting to alter course but instead focusing on what comes down the track in future.

There's little point in trying to place a wager on whether the money watchers of Threadneedle Street will change their long-standing interest rate policy of an historical low of 0.5%.

There's no way they'd hit our already shaky economy with a rise in interest rates, but there's little chance of them printing another sack full of money.

All bets are off.

Popular