David Prosser: Higher interest rates will be with us sooner than you might think - Business Comment, Business - The Independent

David Prosser: Higher interest rates will be with us sooner than you might think - Business Comment, Business - The Independent

Outlook Will the nine members of the Bank of England's monetary policy committee return to the fray today with a New Year resolution to be tougher on inflation? There is certainly a palpable sense of nervousness in the City and beyond that this week's MPC meeting, the first of 2011, might see the Bank finally begin to raise interest rates from the present low of 0.5 per cent.