Thursday, November 1, 2007
Rate changes happen more in November – up or down
Legal & General has revealed that more base interest rate changes have happened in November than in any other month. During the Monetary Policy Committee's (MPC's) ten year reign over interest rates, November is the month where the largest proportion of rate changes have taken place. While this is likely to be a result of the fast-approaching year end it points to the fact that the much speculated November rate cut could well be on the horizon.