25 Jul Lowest Rates Ever, Now…
All this political brinkmanship in the Euro-zone and the USA is causing quite a lot of uncertainty. The debts need to be dealt with and at the last possible moment Greece was bailed out last week.
Expect the same in the USA on August 2nd. The effect on this for us though, is that talks of interest rate rises are well off the agenda. In fact commentators now predict base rate staying at its current level until the end of 2012. As a result we are now experiencing the lowest rates yet since underlying base rate was cut to 0.5% at the end of 2008. The high street lenders are actually driving each other lower and lower. A great moment to review fixed rate options…
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