Why Those Interest Rate Rises Are Not All Bad News ; Personal Finance
Birmingham Post › June 23, 2007
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Summary
Although the monetary policy committee (MPC) of the Bank of England declined to raise interest rates again this month, they are now at the highest level since April 2001, the beginning of the stock market slump.
Inflation has reduced from the three per cent level it reached last month, which led to the governor of the Bank of England, Mervyn King, having to write to the Chancellor to explain what they were doing about it.See the full content of this document
Extract
Why Those Interest Rate Rises Are Not All Bad News ; Personal Finance
Despite this reduction, analysts are expecting at least one, possibly two, quarter per cent rises in the base rate by the years end, meaning base rates of six per cent.
We tend to greet interest rate rises with all the joy of a trip to the dentist with the adde...See the full content of this document
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