Low Base Rates
Published / Last Updated on 21/06/2010
by Ashley Clark, Director
The Centre for Economics and Business Research predicts the Bank of England Base Rate will stay around the 0.5% mark for the next couple of years.
The Chief Executive Douglas McWilliams said that based on the Governor of the Bank of England’s claim that with lower growth comes lower interest rates, they agree interest rates will remain at the current level until the end of 2012.
Mortgage interest rates are also predicted to fall from around 4% to 3% in the coming year.
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