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Home "Owners" should prepare for 5 % interest rates

In an interview with The Daily Telegraph, Paul Fisher, the executive director of markets and a member of the rate-setting Monetary Policy Committee (MPC), said central bank policymakers would like rates to increase as much as tenfold from their current historic low of 0.5pc as soon as possible.

“We hope people are aware that interest rates at some point will go up again and that they will head back to a normalised position,” he said. Confirming that “normalised” rates would be “around” 5pc, he added: “What we need to do is to trigger the mindset in people that that’s where rates will eventually go back to.”

and in other news:

Rates going up earlier than expected!

Interest rates are expected to start rising again by June, much earlier than anticipated, bringing some relief to Britain’s 38 million savers.

If you go down in the woods today....you better have a shovel, and some gold...and some tins of beans... B)

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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