Saturday, Nov 11, 2006
Borrowers urged to prepare for another rise
FT.com: Borrowers urged to prepare for another rise
The Bank of England took no-one by surprise when it raised interest rates by a quarter point to 5 per cent this week.
The rise was widely – if not unanimously – predicted by economists as inflation has remained above its target level and house prices have continued to accelerate.
Interest rates are now at their highest level for five years.
Posted by cash_buyer @ 10:42 PM (148 views) Add Comment
2 Comments
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1. Headmelter said...
you've gotta hand it to these guys..........advising people to take out mortgage protection policies.....is there no end to their cheek?
2. waitingfor hpc said...
bring it on ......