UPDATED: The Bank of England’s Monetary Policy Committee has voted to hold interest rates at a historic low of 0.5 per cent.
Some argue in favour increasing interest rates – the theory is that higher interest rates can stop creeping inflation (although it’s debatable what is causing inflation at the moment – many think it’s external factors).
Others think interest rates should remain low, in order to help the economy get back on track.
What do you think?
A majority of the BBC’s panel of leading economists believe interest rates should remain flat until the first quarter of 2012. Do you agree with them?
When do you think interest rates should first go up? Vote in our poll below:
When should interest rates first go up?
Poll is now closed.
- Q4 2011 25%
- Q1 2012 3.57%
- Q2 2012 10.71%
- Q3 2012 7.14%
- Q4 2012 0%
- Q1 2013 14.29%
- Q2 2013 39.29%
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