The Financial Times:
Economists' Forecasts: Interest rates to stay low
3 January 2016
British households can look forward to another year of ultra-low interest rates, with most economists expecting a maximum 1 per cent by the end of 2016. Just five out of 104 respondents to the question: ''Please explain why you think monetary policy will be tighter or looser by the end of 2016. How much will it change?'' see a rise of more than half a percentage point. A modest tightening was forecast by 72, while 21 expected policy to remain on hold or even loosen further.
John Van Reenen, Director, Centre for Economic Performance:
Tighter. Interest rates around 1.5% if things continue to improve.
This article was published by The Financial Times on January 3, 2016
Link to article here
Related links
John Van Reenen webpage
Growth Programme webpage