CITY VIEWS: SHOULD THE BANK OF ENGLAND RAISE INTEREST RATES TOMORROW?

ANTHONY JEFFERYS | AXA INSURANCE

“Yes I think it should start to increase Bank rate. Mainly because inflationary pressures are too heavy at the moment, and the rise in oil prices means an interest rate increase is all but inevitable at some stage.”

OLIVER STAPLE | HORN & CO

“As someone with a mortgage, I would prefer interest rates to stay as low as possible, really. Also, with the economy as it is, I think that we need to be encouraging people to spend, not dissuading them from
spending.”

MATTHEW HART | ALLIANZ

“No, not yet, this isn’t the right time for the Bank of England to be hiking rates. It could damage the recovery and besides, it looks as if pressure on inflation could come down in the near future in any case.”