Thursday, 24 January 2008

Rates Might Drop

Analysts reviewing the minutes from the Bank Of Englands meeting earlier this month in which there was only 1 vote for lowering interest rates are confident that there will be a quarter percent drop in interest rates in February.

There are already warnings for savers to snap up fixed rate accounts before the offers are withdrawn, but the cut is not expected to be anything like the rate cuts in the USA.

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