Interest rates unchanged until 2012, say economists

A majority of economists polled by the BBC expect interest rates to remain unchanged until next year.

Of the 32 forecasters, who are also regularly polled by the Treasury, 26 predicted that rates would not rise this year, and three predicted there would be no rate increase until 2013.

More than half expected the Bank rate to rise from its record low of 0.5% to at least 1.5% by the end of 2012.

The Bank rate has now been at a record low for more than two years.

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