'Low interest rates are set to last'

Published: 20 March 2015 at 13:11

Economics experts to forecast the UK’s financial future at event in Cambridge.

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Interest rates are not going to rise anytime soon, according to Kate Barker, former member of the Bank of England Monetary Policy Committee.

Dame Kate Barker, currently senior advisor for Credit Suisse, will address Cambridge’s key business and community figures at the Economics over Politics event at Anglia Ruskin’s Cambridge campus on Monday.

Speaking ahead of the lecture, she said:

“There may be some good economic surprises this year, especially in the Eurozone economies.

“The era of low interest rates seems set to last, despite large government deficits in many economies; and there are structural factors behind this which challenge long-held views about fiscal and monetary policy.

“The UK faces an election which seems to bring uncertainty for business, yet business surveys remain robust. Whitehall may be less important than it believes.”

Dame Kate will be joined by fellow experts Tim Price, a Partner and Director at PFP Wealth Management, and Charles Garthwaite, who has extensive experience of risk management in the City, having held posts with AEGON UK, Equitable Life Assurance Society and Resolution plc.

Mr Price, who has more than 20 years’ experience in institutional and private wealth management, said:

“This is probably the most dangerous economic environment anyone alive has ever experienced. Inherent value is very difficult to track down. No asset prices can really be trusted. And complacency in financial markets is off the charts.”

The event starts at 6.30pm on Monday at Anglia Ruskin’s Lord Ashcroft Building in East Road, Cambridge. If you would like to attend, please e-mail vicky.dodd@anglia.ac.uk