LONDON, January 27, 2011 /PRNewswire/ -- In spite of City demands for a modest increase in rates, Robin Bew at the Economist Intelligence Unit believes the Bank of England will keep rates where they are. The economy remains too weak to sustain a rate increase even if inflation trends higher.
In his latest Global Forecast broadcast on http://www.cantos.com, the EIU's editorial director believes banks must not be over-regulated as a result of Basel III.
The point isn't to worry about banking strength, he says, but to make sure these financial institutions function in such a way that the wider economy gets the volume of credit it needs.
The interview and transcript are available now on http://www.cantos.com/eiu.
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SOURCE Economist Intelligence Unit