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)
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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..

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

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