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Pressure On To Lower Interest Rates


02/12/2007 21:43:57

The Bank of England is widely expected to make a cut to interest rates soon. Some predict it could come as early as December 2007. This would prove to be welcome news to those looking to fund Christmas on credit.

House prices in the UK have shown the sharpest drop in recent years - which may help push towards the Bank of England making the move.

With the "Credit Crunch" in the US having an affect in the UK Market the industry and borrowers could well benefit from a cut in interest rates.




Written by Chris Burgoyne of Loan Machine Secured Loans
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. LOANS SECURED ON YOUR HOME.