Monday, March 03, 2008

Interest rate freeze in UK

I have some news here from UK. Experts in UK that interest rate freeze again will be predicted and Bank of England will not slash anymore interest rates. I guess the US recession has hits elsewhere in the world hard. The main macroeconomic conclusion emerging from the February Inflation Report is that the UK''s output-inflation trade-off has worsened." That is not helping. On top of that, slow GDP growth in UK also affected the economy. With so much troubles in so little time, how are you going to get your mortgage right? Well you can always get a Mortgage Quote.
I feel that its not just UK having such problems, Malaysia as well. No one can do a thing about it at this point especially when crude oil hit US 103.50 last week.


No comments: