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BDO Stoy Hayward predicts rate rises

BDO Stoy Hayward says it expects to see two more interest rate rises by the end of the year, bringing the rate to 5.25 per cent.
It believes the Bank of England will hold off any rate rise until after the election with the first rise possible in June.
BDO Stoy Hayward partner Chris Grove says: “The latest poll of polls reveals that businesses remain wary of the potential effects the General Election will have on the economy. Despite this, the economy continues to grow at a healthy pace with output up and inflationary pressures subsiding.”

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