Given that the price of oil is being driven down in a deliberate attempt to hurt the Russian economy I don't think it required any "insider knowledge" to guess interest rates might possibly take a hike.

Cheap oil is a massive influence on spending and spending influences interest rates. Don't believe for one second the Bank of England hasn't been worrying it might need to raise a few fractions.

The fact that they aren't moving doesn't mean it wasn't a halfway decent guess. Cut the guy some slack.

There is a fair chance that interest rates could rise very suddenly and very sharply - if and when investors fear that we are struggling to control our deficit and debt.

Another month, another press release Quote The Bank of England has held UK interest rates at a record low of 0.5% for another month. It has also decided not to extend its quantitative easing programme, designed to stimulate lending in the economy, beyond the £375bn already spent. The Bank's Monetary Policy Committee has held rates at 0.5% since March 2009 in a bid to help economic recovery. Rates were expected to rise early next year, but economists think this will be pushed back due to recent poor news. www.bbc.co.uk/news/business-29929499 '"

Another month, another press release Quote The Bank of England has held UK interest rates at a record low of 0.5% for another month. It has also decided not to extend its quantitative easing programme, designed to stimulate lending in the economy, beyond the £375bn already spent. The Bank's Monetary Policy Committee has held rates at 0.5% since March 2009 in a bid to help economic recovery. Rates were expected to rise early next year, but economists think this will be pushed back due to recent poor news. www.bbc.co.uk/news/business-29929499 '"

Article that may be of interst to LeighGionaire: uk.businessinsider.com/adair-tur ... bt-2014-10

Article that may be of interst to LeighGionaire: uk.businessinsider.com/adair-tur ... bt-2014-10