Interest rates may rise to 7% in 2001

Interest rates may rise to 7% in 2001 to keep inflation within the chancellor’s target range, the Organisation for Economic Cooperation and Development has warned. And in a warning to exporters encouraged by recent falls in the value of sterling, it said any further fall would have to be compensated for by even higher interest […]

Interest rates may rise to 7% in 2001 to keep inflation within the chancellor’s target range, the Organisation for Economic Cooperation and Development has warned. And in a warning to exporters encouraged by recent falls in the value of sterling, it said any further fall would have to be compensated for by even higher interest rates.

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