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 (415 views)
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2 Comments

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?

Monday, November 13, 2006 12:01AM Report Comment
 

2. waitingfor hpc said...

bring it on ......

Monday, November 13, 2006 09:01AM Report Comment
 

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