When should rates rise?

Rising wages has put renewed pressure on the Bank of England to raise interest rates.

The annual rate of UK consumer price inflation (CPI) ticked up to 1.3% in October, a 0.1 percentage point increase from September. The rise was blamed on higher prices for computer games as Christmas approaches.

Following last week's quarterly Inflation Report by the Bank of England, which struck a dovish tone, markets expect interest rates to remain at 0.5% until late 2015.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.