December 19, 2007

DEFLATION IS GLOBAL:

Interest rates could fall to 4pc by end of 2008 (Harry Wallop, 20/12/2007, Daily Telegraph)

Interest rates could drop to as low as four per cent next year after the Bank of England indicated a "substantial loosening" of policy to revive the flagging housing market.

Posted by Orrin Judd at December 19, 2007 9:51 PM
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