Tuesday, Oct 09, 2007
Those hoping for a interest rate cut to bail them out are going to be disappointed.
Telegraph: King dashes hops of emergency rate cut
Mervyn King has poured cold water on hopes that the Bank of England is gearing up for an emergency interest rate cut, saying it will not set rates to "insulate the banking system from the repricing of risk".
Posted by jonathan @ 11:01 PM (295 views) Add Comment
3 Comments
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1. dohousescrashinthewoods said...
Good lad, Merv.
Expect Gordon to put him is thubscrews and force him to announce a change of policy by next week to prop up the economy and the PM's broken credibility.
2. Bleakhouse said...
As above, awaiting the swerve from Merv.
3. David Smith's Sub Prime. . . said...
Ve have ways of making you .... lower interest rates.