Sunday, September 30, 2007

Foregone Conclusion, No change in base rate.

Business View: The Bank should hold its fire on the rate cuts

"Looks like house prices heading for soft landing". S&P predict average mortgage repayment to rise by 26% as fixed price deals expire into 2008. Squaring the circle with a ruler and compass seems elementary now.

Posted by baudot @ 11:17 AM (613 views)
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One thought on “Foregone Conclusion, No change in base rate.

  • crash bandicoot says:

    I thought it took 12 months for an interest rate change to work through and have it’s desired impact. Why do short-term effects now seem so important, I thought that we had ended the cycle of boom and bust.

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