Thursday, October 26, 2006
6% UK IR mentioned again
Hamish McRae: If the US needs rates at 5.25% to check its housing market, what will it take in Britain?
People are more likely to borrow money if they think they will be paying back the loan in devalued currency A pause or a turning point? The Federal Reserve board duly decided last night to keep US interest rates at 5.25 per cent. The interesting issue, however, is whether this level will prove the peak of this interest rate cycle or will turn out to be a pause on the way to still higher rates.