Bank of England Rate Rise?

Well, they keep saying that interest rates are going up, but this time it seems inevitable.

Inflation needs to be kept under control, yet manufacturing needs healthy progress. And, this means there is an argument for both sides.

Mortgages, credit cards, overdrafts, business loans (all debt that isn’t fixed in other words) could all move upward after today’s monthly monetary meeting, which will be announced at midday.

Yet, we need manufacturing to continue to progress and expanding the working force helps the economy to grow at a healthy pace, without this it can weaken our position internationally.

We’ll know later which way the MPC will call it.

Johnny