Interest rates to fall to 4 per cent this year as UK plc gets back on its feet, economists predict

From: Scotland on Sunday | Date: January 22, 2006| Author: | Copyright information

A FURTHER cut in interest rates by the end of the year has been forecast by economists as growth begins to recover from a "dismal" 2005.

Roger Bootle, economic adviser to Deloitte, believes the economy will pull through its current uncertainties and interest rates will fall to 4 per cent and "could go lower". The effects of the surge in the oil price, which was largely to blame for last year's slowdown, will begin to fade, he says, while sliding oil costs will boost economic growth.

The relatively limited impact on inflation from the jump in oil prices compared with previous periods and a ...

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