Thursday, August 9, 2007

Interest Rate Increases to Peak at 6%

The Bank of England, took the unusual step of saying that interest rates were highly unlikely to rise above 6%. They believe there is still inflationary pressure in the economy. For example, in recent weeks the latest economic data has shown:Strengthening manufacturing sector, output has been increasing more than expectedHouse Prices still Rising. Report by [...]

Read More...

[Source: Mortgage Blog]

No comments: