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The daily drama of money and work from the BBC.

Business Daily: UK interest rates

28/04/2011

UK interest rates

BBC World Service - Business Daily, UK interest rates

UK rate setter Andrew Sentance says near-zero interest rates must rise to fight inflation

Bank of England hawk Andrew Sentance says near-zero interest rates must rise to fight inflation. Plus, how to beat work stress, and should social networks adapt what they do for Africa?

How long can emergency, near-zero interest rates be maintained in the US and the UK? Nearly three years after the credit crisis, some argue the situation undermines the inflation-fighting credentials of central banks. Lesley Curwen interviews Andrew Sentance, a member of the Bank of England's nine-strong Monetary Policy Committee. He has argued for almost a year that interest rates must go up, even though UK growth has been weak. He talks about the credibility of the Bank, saying of the Committee's reluctance to raise rates, "people may begin to conclude from that, that there is some question mark over the commitment of the Bank of England to the inflation target."

Plus, business coach Denis Sartain, co-author of Under Pressure suggests ways to deal with work stress. 

And our Ghana commentator Bright Simons wonders whether social networks need to tailor what they offer for an African audience.

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