Is the certainty that the Bank of England will raise interest rates in the next few can not remain at historically low half a percent. In December 2010 Paul Fisher, executive director of markets and a member of the Monetary Policy Committee (MPC, a person responsible for setting BBR) addressed the Daily Telegraph that employees like to see rates rise to their typical position, and that he hopes people are aware that the growth rate in this typical position would be that the gross domestic product and inflation. So, with GDP at around 2 ¼% and the inflation target of two percent, then the ideal normalized BBR would be 4:30 to 5:00 per cent, a tenfold increase over today's values.
Several reports erroneously Mr fishermen statements and the Daily Telegraph, which resolves the issue declared "the central bank's policymakers want to increase rates as much as tenfold from their current historic low 0.5pc as soon as possible." However, reading the actual transcript, g . Fisher simply agreed daily telegraphs economics editor Philip Aldricks proposal normalized rate of five percent. G. Fisher said that the Monetary Policy Committee should respond to public reaction to those changes in the rate. "it's not something where they would put rates and ignore the reaction to it. The increase in rates would only be a quick, if strength in the economy. MPC will not be raising rates so quickly that it causes damage response.
