Thursday, June 07, 2007

Interest rates remain unchanged at 5.5%

Well, that is the good news, the bad news is that experts expect interest rates to rise later in the year.

What is also quite interesting is the number of people who will have fixed rate deals coming to an end later in the year, who will then get hit with quite a rise.

The BBC has this.

3 comments:

Elliott said...

Still, a much better interest rate environment to retire in than we had a couple of years ago .. There's an enormous amount for which we can and should take Brown to task, but the recent tightening of monetary policy really is prudent (rather than penal)!

Benedict White said...

Elliot, yes there are always winners and losers depending on which way interest rates go.

I am not sure what a fair compromise is myself.

james higham said...

Lucky I have no money, Benedict.