The Fear
A Wise Man (once sat next to him)
Surprised no one has posted this.
Looks like the new Governor of The Bank Of England is trying to make his mark.
It has been indicated that the base interest rate is set to stay at 0.5% for some considerable time yet, some predicting two years or more.
With doubts and worries growing that the low rates would soon be increased, which would have led to a large increase in repossessions and a possible dampening of an already difficult building market, the clarity looks to have been well received.
http://www.bbc.co.uk/news/business-23588958
Looks like the new Governor of The Bank Of England is trying to make his mark.
It has been indicated that the base interest rate is set to stay at 0.5% for some considerable time yet, some predicting two years or more.
With doubts and worries growing that the low rates would soon be increased, which would have led to a large increase in repossessions and a possible dampening of an already difficult building market, the clarity looks to have been well received.
http://www.bbc.co.uk/news/business-23588958