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Interest rates to stay low until at least end 2010
Comments
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Bad news for a lot of us saving our deposits. Low intererst rates caused this credit crunch, lowering rates further just stores bigger problems for the future.
If people can't afford intererst rates at 5% then they are highly overstretched with overvalued property.
Not sure i understand that ?
darren0 -
dazzaofdagenham wrote: »Not sure i understand that ?
darren
Let's see if Brit1234 says that when the saved deposit turns into a mortgage debt !Space available for rent0 -
No sympathy for savers! Hoarding cash is not the way ahead and certainly not healthy for the economy! I understand people need a level of savings but this country is obsessed with savings! Great for your kids maybe but why earn it if you don't want to spend it and enjoy the fruits of your labour??!! I would not be suprised if we have an interest rate cut to .25% before the year is out!Totally without prejudice! All views are those of the individual and at no time should be constituted as advice.0
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