Six months until the eventual rate rise, says KPMG

Six months until the eventual rate rise, says KPMG

Yael Selfin of KPMG believes it is no surprise that rates have been held.

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Yael Selfin, Economics Director at KPMG comments on today’s Bank of England’s interest rate decision.

“With inflationary pressures still subdued, it is no surprise that rates have been held today. Despite recent revisions to GDP and productivity, there is still room for further improvements in productivity, to mop up some of the rise in demand over the coming months. Steady falls in unemployment and strong economic growth are likely to see rates rising in February next year.”


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For further information, contact:

Ann Burton, KPMG Press Office

T: 020 7311 6497

M: 07467 339 719


KPMG Press Office : 020 7694 8773


About KPMG

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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