July 24, 2014

Interest rates to reach 2.6% in 2017 says EY

Interest rates could reach 2.6% within the next three years according to EY’s Item Club. However, the independent forecasting group predicted that the current 0.5% base rate would continue until the third quarter of next year.

They predict that the interest rate will increase to 0.7% by the end of 2015, then to 1.6% in 2016 before hitting a peak of 2.7% in 2016.

 

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