Monday, Jun 11, 2007
Mervyn Speaks...
The Times: Bank chief gives warning of even higher rates
In a hawkish speech to business leaders in Wales, Mervyn King reinforced his tough message with a reminder to businesses and households that they must factor in the prospect of dearer borrowing in their budget plans............
“It is unwise to borrow so much that the repayments are affordable only if interest rates remain at initial levels,”
Posted by cashisking @ 08:49 PM (120 views) Add Comment
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