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Robyn Hall
Just Retirement is going on the road over the next few months. This seminar is in London.
Area Sales Manager - Financial Services - London
North London
Mortgage Consultant / Mortgage Adviser - Fulham
South London
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CBI expects rate rises in summer
5 February, 2010
The CBI expects a small rise in interest rates this summer.
Commenting on the Bank of England's MPC decision yesterday, Ian McCafferty, CBI chief economic adviser, said: "The economy is stabilising but still faces some serious headwinds, and recovery remains shallow-rooted. However, near-zero interest rates, the existing £200 billion QE package and the sharp fall in Sterling are already extremely expansionary, and inflation has exceeded expectations consistently in recent months.
"As the economy recovers the bank will have to start to think about returning monetary conditions towards more normal levels. We would expect this to lead to a small rise in interest rates around the middle of this year."
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