Monday, March 31, 2008

Mervyn making his mind up …

Mervyn King dampens hopes of rate cut next month

... or not as the case may be!

Posted by fed up @ 08:58 PM (76 views)
Please complete the required fields.



2 thoughts on “Mervyn making his mind up …

  • What on earth is he doing in Jerusalem?? Oh well…

    I’m still not sure his much-reported comment at the last commons committee meeting was intended – it was too blunt and direct. I suspect he may have mis-heard the question.

    But given the weird way these things work, that might make the MPC feel obliged to follow through!

    It will make precious little difference if they do shave a quarter point off next month, every day now we get reports of mortgage lenders raising rates and tightening criteria, and I doubt we’ve seen the last of it..

    Reply
    Please complete the required fields.



  • except of course the MPC shaving a quarter point off will mean all variable rate savings accounts do the same.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>