Sunday, January 17, 2010
Slightly nervous voice of a borrower
"There's nothing like buying a house to concentrate the mind on the future path of interest rates ... At one extreme, Goldman Sachs has pencilled in a two percentage point rise this year and the same again next year to leave UK interest rates at 4.5pc by the end of 2011. Ouch ... In the opposite corner sits my fellow Telegraph columnist and economist Roger Bootle, who predicts a Bank Rate of less than 1pc for the next five years. Wouldn't that be nice?"