October 2007
Interest Rates
5th October 2007
The Bank of England have kept interest rates on hold at 5.75%. There is now a general feeling that we may see the Bank of England move to lower interest rates in the coming months. This feeling seems to have come from statistical figures showing a slowdown in the housing market and the obvious outside pressures of the world markets.
There are predictions that a correction in the already well inflated housing market is overdue so would it be a knee jerk reaction from the Bank of England to start slashing rates in order to try and slow this down?? What does the future hold? Watch this space!!
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