Thursday, July 5, 2007

Going up?

Bank of England raises interest rates to 5.75pc

The Bank of England has raised interest rates to their highest level in more than six years, a move that will further squeeze homeowners and consumers. The Bank's Monetary Policy Committee voted to lift interest rates by a quarter point to 5.75pc, the fifth increase since the Bank embarked on raising rates last August. Of the 60 City economists surveyed by the financial news agency Bloomberg, 53 had forecasted today's move.

Posted by cant_wait_for_interest_rates_to_soar @ 12:07 PM (1585 views)
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