Rates predicted to stay lower for longer

Interest rates are likely to stay unchanged or even to be cut next year, a leading fund manager has predicted.

4th December, 2004

Interest rates are likely to stay unchanged or even to be cut next year, a leading fund manager has predicted.

Andrew Milligan, head of global strategy at Standard Life, which has €3.3 billion in Irish assets under management, said the rise in the euro could make it less likely that the European Central Bank will move on rates.

The European Central Bank was now more likely to leave rates unchanged or indeed cut rates than...

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