Tuesday 29 May 2012

Mortgage borrowers can make the best of base rate falls | Mail Online

Mortgage borrowers can make the best of base rate falls | Mail Online

An interest rate cut could be on the way after Christine Lagarde, head of the International Monetary Fund, last week called on the Bank of England to do more to stop the economy stagnating. There was also shock news that the economy shrank more than was expected in the first quarter.
 The IMF has recommended more quantitative easing – pumping new money into the economy – and a cut in the base rate from 0.5 per cent. Such moves could have big implications  for consumers, especially mortgage borrowers.

No comments:

Post a Comment