Interest rates will fall to three per cent – City AM Shadow MPC

Interest rates will fall to three per cent – City AM Shadow MPC

Interest rates could fall as low as three per cent, according to a group of economists in City AM‘s Shadow Monetary Policy Committee (MPC), but a rocky year for the UK economy could keep borrowing costs high.  The Bank of England voted to hold interest rates on Thursday at four per cent due to sticky inflation, which remained at 3.8 per cent in the latest figures for August.  Members of City AM’s Shadow MPC gave contrasting views on where intere…