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An interest rate rise in Omicron times? It could just happen
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There is a contrarian view of Britain’s economic outlook. Those who subscribe to it argue that despite fresh government restrictions to combat the Omicron variant, the recovery is robust and the Bank of England will have to raise interest rates when it meets this week.
It is a minority view in the City, but it could find favour inside Threadneedle Street when members of the nine-strong monetary policy committee (MPC) gather, and bring a surprise increase in the base rate from 0.1% to 0.25%.
Three-
Read more on theguardian.comAbout this in other media
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UK’s fading business confidence amid Omicron spread needs urgent action theguardian.com /3 years ago
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