Howard Archer, chief UK and European economist at Global Insight, said: "We now expect the Bank of England to trim interest rates by a further 25 basis points, to 5% in April rather than May. Further out, we expect interest rates to fall to 4.5% by the end of the year and to 4% in the first half of 2009, as we believe that extended below-trend growth will eventually significantly undermine companies' pricing power and limit wage growth, thereby diluting underlying inflation pressures."
Get a tracker mortgage if you need one.
Don't bother saving.
0% by 2010.
Doomed.
HTH
Get a tracker mortgage if you need one.
Don't bother saving.
0% by 2010.
Doomed.
HTH
Comment