Historically low interest rates to stay for years, predicts top economist

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Historically low interest rates to stay for years, predicts top economist

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08-21-2009, 01:39 AM

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Historically low interest rates to stay for years, predicts top economist

Gerard Lyons, chief economist at Standard Chartered Bank, is predicting that interest rates could remain at historically low levels for many years to come.Interest rates currently stand at 0.5% - the lowest level since the Bank of England was established over 300 years ago.According to Mr Lyons, it is quite likely that the Bank of [...]

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