US and UK interest rates should remain unchanged

UK and US interest rates are likely to remain where they are in the short term, despite the fact tha...

UK and US interest rates are likely to remain where they are in the short term, despite the fact that markets are already discounting a tightening in monetary policies. According to Mike Lenhoff, chief portfolio strategist at Gerrard, the May inflation report will provide the Bank of England with the opportunity to set out a two-year profile for inflation in which it may argue that, looking towards the end of this period, the picture could worsen. However, even if that is its suspicion, policy is likely to be kept on hold for a while yet, he says. According to Keith Skeoch, chief invest...