Thursday, February 12, 2009

Prospect of 0% Interest Rates

The Bank of England’s inflation report gives a strong indication that interest rates in the UK could fall to 0 - 0.25%. There is also an increasing likelyhood of quantitative easing - a policy of creating money to avoid the deflationary impact. (B of E report)
The UK is facing its deepest recession since the Second [...]

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[Source: Finance Blog]

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