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    UK rates to stay low for years

    Maybe good news for mortgage holders

    UK interest rates will stay low for years amid tax rises and spending cuts, according to an economic forecast.
    The Centre for Economics and Business Research (CEBR) believes the rate will remain at its current 0.5% level until 2011 and not reach 2% until 2014
    news.bbc.co.uk/1/h…stm

    7 Comments

    while that may be good for those who have money to save or for mortage holders, it wont be good for people who want credit.....

    and for those who already have it, will probably see a rise in their credit card interest rate....

    StevenA2000_uk;6549429

    while that may be good for those who have money to save or for mortage … while that may be good for those who have money to save or for mortage holders, it wont be good for people who want credit..... and for those who already have it, will probably see a rise in their credit card interest rate....



    That wont effect me then Lol

    Banned

    no its pants for savers
    those days of 14% great for savers

    StevenA2000_uk;6549429

    while that may be good for those who have money to save or for mortage … while that may be good for those who have money to save or for mortage holders, it wont be good for people who want credit..... and for those who already have it, will probably see a rise in their credit card interest rate....



    Surely it's the opposite, crap for savers but good for those with credit???

    Banned

    civms47;6551254

    Surely it's the opposite, crap for savers but good for those with … Surely it's the opposite, crap for savers but good for those with credit???


    exactly!

    good for us as we have a tracker mortgage!
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