‘Interest Rates’ News
Interest rate cut spurs mortgage lenders to follow suit
Posted 2008-02-16
In the wake of the recent interest rate cut by the Bank of England, mortgage lenders have moved to slash home loan rates- in keeping with the trend. In a further effort to avoid a sluggish economy, mortgage lenders have...
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Interest rates continue tumble of .25%
Posted 2008-02-14
Because of clear signs of the slowing UK economy, the Bank of England dropped interest rates by one-quarter per cent to 5.5%. This additional decrease in rates came as a welcomed reprieve for borrowers; especially since it arrived on the...
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4.5% interest rates forecasted for year’s end
Posted 2008-02-13
Global Insight predicts that interest rates could be as low as 4.5% by the end of 2008. It is also esteemed that in the first half of 2009 rates could decline further to 4%. “We currently forecast interest rates to...
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Consumer confidence deflates on inflation fears
Posted 2008-02-7
The recent rise of inflation in the UK is hurting more than consumer pockets. A Consumer Barometer from Lloyds TSB Corporate Markets shows the number of consumers expecting interest rates to be higher rather than lower grew by 2% last...
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Inflation hidden danger for consumers
Posted 2008-02-3
A price comparison Web site points out that although “not unexpected”, the recent interest rate cuts made by the Bank of England could serve to fuel inflation. Many economists agree that continually cutting interest rates could spur borrowing in an...