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Interest rates: 'No surprise' says BHF Group

Published: 5 September 2008
Right decision for now, but we expect the 'inevitable decline' soon, says Alan Hawkins.
Interest rates: 'No surprise' says BHF Group
The Monetary Policy Committee's decision to leave interest rates unchanged for a further month is no surprise but the right one for now, says the BHF Group.

But, it will soon be time for interest rates to begin their decline – possibly October and November.

The BHF Group's managing director said: "The currency traders have already priced a drop into their calculations and we are already seeing the effects of this on Sterling."

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