Major banks predict rate hold through to Q2 2012

European debt crisis, US debt downgrading, stock markets plunging- all the global financial turmoil has made major banks modify their rate  to hold through to 2012 to Q2

To further support this notion, the US Federal Reserve took the unprecedented move by pledging to keep rates low  in an effort to keep the economy rolling rather than stalling.  Although many economists do not expect rates to drop, they rate expect rates to remain status quo.