Aggressive Interest Rate Cut Unlikely, Says Bank Official ; Finance
Birmingham Post › April 04, 2008
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Summary
Mortgages are set to become still scarcer and dearer, while quickening inflation makes it impossible for the Bank of England to cut interest rates enough to prevent a wider economic slowdown.
Yesterday the Bank reported nearly 43 per cent of all mortgages lenders expect to cut back lending further in the coming three months in its latest Credit Conditions Survey.See the full content of this document
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Aggressive Interest Rate Cut Unlikely, Says Bank Official ; Finance
The evening before, Paul Tucker the Bank's executive director for markets, ruled out aggressive interest rate cuts to stimulate demand in the British economy to counter the credit crunch.
Mr ...See the full content of this document
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