Why interest rates "won't rise until Q3 2015"


Why interest rates "won't rise until Q3 2015"

The market’s growing conviction that the Bank of England will start raising interest rates in the first quarter of 2015 risks jumping the gun, according to Ross Walker, Senior UK Economist at RBS.

Economic Analysis

05 March 2014

City of London dragon

The pound scaled four-year highs in anticipation of an earlier start to the rate-hiking cycle after the Bank ditched explicit forward guidance in February. Comments from Monetary Policy Committee member Martin Weale that the Bank could raise rates before next May’s general election seem to have bolstered that conviction.

Yet Walker believes there remains a good chance we will not see interest rates start to rise until August 2015.

Read the full article on RBS Insight.

Latest news

Royal Bank of Scotland hosts ‘Easy Wins Live’ event

The event explored today’s ‘always on’ world and the pressure Scots face as they struggle to balance life inside and outside of work.

To win the fight against fraud and scams, it is vital to educate young people.

Primary school children in Currie, Edinburgh put on their detective hats last week to learn more about fraud and scams thanks to the Royal Bank of Scotland MoneySense programme. Les Matheson, CEO of Personal Banking, tells us why it’s so important to financially educate young people.

New NatWest debit cards now accessible for all customers

New card features are being rolled out from today with all cards having a notch and raised dots.

Set Tab for lightbox