Monday, February 2, 2009

BoE Rate Cut When Not IF

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.

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