"delay interest rate" is correct and usable in written English.
You can use it when you are discussing an interest rate that has been pushed back or delayed. For example, "The bank decided to delay interest rate increases until the end of the year."
Without a strong rise in wages above the current 2.6% retail prices index (RPI), Bank of England officials will come under pressure to delay interest rate rises until next year.
Such is the power of fluctuating oil prices to influence economic decision-making that it was mentioned last week as not only putting extra pounds in shoppers pockets for Christmas spending, but also depressing the inflation rate to the extent that Bank of England officials must delay interest rate rises scheduled for next summer.
"The lower oil price, which is expected to persist through 2015, is lowering inflation worldwide and is likely to delay interest rate hikes in rich countries," said Mr Basu.
Savills previously warned that delaying interest rate rises for too long could allow house prices to grow at an unsustainable pace.
Stock market swings stemming from an oil crisis and a delayed interest rate decision meant that some companies in the pipeline decided to postpone their IPO until 2016.
This may delay interest-rate increases by the Federal Reserve, allowing the economy to boom on.
Yellen blamed "global economic and financial developments", in particular the turmoil in China, for the Fed's decision to delay interest-rate "liftoff", as Wall Street calls it.
For one of the reason for their delaying interest rates last year was the argument that we should try to see whether we can squeeze down U 6 by such a delay.
Slowing job growth paired with low wages could delay an interest rate hike, according to Paul Ashworth, chief US economist at Capital Economics.
Haldane is speaking a day after the US central bank decided to delay an interest rate rise for the world's biggest economy.
Samuel Tombs, UK economist at Pantheon, said another downward lurch in oil prices could delay an interest rate increase from the Bank of England.
