Interest rates: what the economists say

[Legal Beagles]

Trevor Williams, chief economist at Lloyds TSB, said: "The Bank of England is facing the unenviable task of having to fix two different problems with just one policy tool. The UK economy is slowing; both manufacturing and services activity are showing signs of feeling the pressure and consumer confidence is fragile. At the same time, price inflation – which is already high – is likely to rise further before it peaks

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