UK inflation will probably tumble below 1% within the next six months after hitting a five-year low of 1.2% in September, the Bank of England (BoE) governor has said.
This means the BoE is unlikely to raise the base rate above 0.5% until late 2015, despite previously hinting at an interest rate hike before the end of this year (PP Online, 13 June). In the late...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
