Wednesday 30 March 2011

Investing star Neil Woodford: Interest rates won't rise now | This is Money

Investing star Neil Woodford: Interest rates won't rise now | This is Money

Raising UK interest rates any time soon will 'crush' consumers without curbing inflation, says Invesco's Neil Woodford, one of the UK's top investors, who thinks drugs stocks are as cheaply valued as he has ever seen.

Woodford believes the Bank of England is unlikely to increase rates over the next few months, confounding market expectations, as it confronts weak economic growth and accepts factors out of its hands are pushing up prices.

No comments:

Post a Comment