Central Bank of England: In 2016 the decision for interest rates

22 July 2015

The base rate of the British central bank is 0.50%.

business-people re-el magazine


According to Reuters, the decision to increase interest rates will come in early 2016, as the governor of the Central Bank of England, Mark Carney supported.

“The interest rate decision will come at the turn of the year” he said, reiterating that probably the increase in interest rates will occur early next year.

Note that the base rate of the British central bank is 0.50%.

“We are moving closer to raising interest rates,” he stressed, while adding that in the coming years, the central bank will seek a gradual increase in interest rates to pre-crisis levels.

Regarding development, Mr. Carney argued that barriers to the British economy depend on Europe, a strong currency and fiscal adjustment.