What are the chances of europe following suit? Does anyone have any opinion of what rate we could be headin for in say 6 months? Just interested in how it'll affect the my mortgage..
If the ECB can prioritise the looming recession and stop worrying about inflation only they will cut rates next Thursday. By how much is another question.
If the ECB can prioritise the looming recession and stop worrying about inflation only they will cut rates next Thursday. By how much is another question.
I wouldn't bet against it. Don't have the moola anyway after the crunch!!!
I expect (and hope for) 3% by Jan 09. 0.5% in Nov and 0.25% in Dec would do nicely.