Tuesday, September 16, 2008

CBI forecasts 1% Interest Rate Cut this year! Oh boy.

CBI predicts 'shallow recession' and 2m jobless

The CBI's economists say that the Bank of England should have scope to cut interest rates after inflation peaks this autumn, at around 5 per cent, and is clearly on a downward path. The CBI envisages a bold cut of 0.5 percentage points in November, followed by two quarter percentage point cuts in "early 2009", which would leave Bank Rate at 4 per cent.

Posted by planning4acrash @ 11:20 AM (595 views)
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One thought on “CBI forecasts 1% Interest Rate Cut this year! Oh boy.

  • planning4acrash says:

    Before you start asking, oh, why would they do that? Remember that THESE PEOPLE DO NOT REPRESENT YOUR INTERESTS!

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