Seems the general consensus of opinion is that 1% interest rates are on the cards after the Monetary Policy Committee meet later this week.
Building societies are getting increasingly worried and are pleading against further rate cuts.
I predict within 6 months we will have 0% interest rates.
If only the BoE had acted a little quicker 18 months ago, instead of focusing excessively on inflation, still hindsight is a perfect science. I think it would be naive of anyone to think this crisis could have been averted.
Just a softer landing, maybe.
Monday, February 2, 2009
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