re interest rate rise27 Jun 2018 10:49
That was then . Energy prices will fall out of the equation and may well head lower again as the Saudis pump more into sluggish economic growth. UK growth is poor and sentiment is worse not helped by the BOE's ridiculous rate posturing. If the markets are expecting rate increasers then they have by now already been priced in which of course is being reflected in the steepening of the front end of the yield curve Central banks are desperate to get back to long term average rates but that same desperation is putting the brake on economic growth. yet another reminder that the Central banks have learnt little over the past decade.