'Loan rates to stay low' ECONOMY.INTEREST rates will stay at rock bottom for years as the economy recovers, experts predict. Rates will remain at a record low of 0.5% until at least 2011 and stay under 2% until 2014, says the Centre for Economics and Business Research. The CEBR CEBR Centre of Economics and Business Research (Denmark) CEBR Centre for Economics and Business Research Ltd (London, UK) CEBR Cedar Breaks National Monument (US National Park Service) predicts the next government will have to impose pounds 100billion in tax rises and spending cuts to reduce huge debt as the Bank of England Bank of England, central bank and note-issuing institution of Great Britain. Popularly known as the Old Lady of Threadneedle Street, its main office stands on the street of that name in London. pumps cash into the economy. CEBR chief executive Douglas McWilliams said: "We are likely to see an exciting policy mix." |
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