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CITY VIEWS: WAS THE BANK OF ENGLAND RIGHT TO KEEP INTEREST RATES ON HOLD?
ALEX WINSTANLEY | AVIVA
“I am happy the Bank is keeping interest rates at the current level. We’re in a challenging period at the moment. I am confident with what the government is doing but we need to take stock and possibly look at what Europe is doing.”
LAWRENCE CHIR | BLACKROCK
“At the moment I think the Bank is doing the right thing. There is sufficient reason to keep rates low and it would be far too risky to raise them. But I do think the rates will have to go up sometime soon.”
ALEJANDRO WORTHINGTON | KENNEDYS
“It’s good for home owners, but bad for people with savings. The fact that the Bank doesn’t feel it can raise interest rates is a cause for concern.”