Feb 04 2008
Interest Rates ‘Could Fall By A Point’
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People considering loans may be pleased to know that one expert anticipates a major fall in interest rates by the end of the year.
Howard Archer, chief European and UK economist for Global Insight, said his organisation predicts that rates will fall to 4.5 per cent by the end of the year and to four per cent in the first half of 2009. He did warn that this prediction is based on the assumption that the UK will avoid recession but added: “With the downside risks to the UK economy mounting, there is clearly a very real possibility that interest rates will fall further and faster than this.”
This could be even better news for people considering a UK personal loan or secured loan as [...]
Original post by admin