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Scot Eq predicts interest rates of 5 per cent in next six months

Scottish Equitable is predicting that the UK interest rates will converge on those of Europe and the US in the next six months.


It also suggests that base rates could fall from 6.25 per cent to 5 per cent.


In the US, it says that technology stocks will continue to be the best performers, although recent growth may be the result of &#39windowdressing&#39, with fund managers acquiring stocks which have performed well in their year-end reports to clients.


Communication stocks should have better than average growth and are cheap compared to technology stocks.

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