The MPC have announced that the Base Rate is to be held at 5%. No surprises at the BoE continues with its wait and see approach - as predicted at http://www.uncommonadvice.co.uk.
This will be the case for the remainder of 2008.
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As it turns out they started to lower the rate and of course we are at an unprecedented low of 0.5%
I have written a post about rates rising in August of 2009 and wondered what your thoughts were?
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