Lee Gladwell, business development director at Platform, said he thought it would start to climb towards the end of 2013 while Paul Howard, head of corporate accounts at Nationwide, predicted a Spring rise the same year.
David Finlay, intermediary channel director at Barclays, said the bank’s view was rates would rise in 2013 H2 though he personally felt they would stay on hold until 2014.
Both GE money’s Mark Snape and Northern Rock’s John Truswell agreed that a rise in the second half of 2013 was likely.
Tomorrow the Bank of England will give its base rate decision and announce whether it plans to increase quantitative easing.
Earlier today Mark Baker, director of research at Wriglesworth and author of the AMI Economic Bulletin, said he thought the Bank would increase quantitative easing in 2012 as the government piles pressure onto monetary policy makers to try to boost growth.
