Something to cheer us all with rates set be slashed on both sides of the Atlantic: ALEX BRUMMER
Coming hot on the heels of two momentous events – and I don’t mean Halloween and Guy Fawkes – scant attention is being paid to interest rates. Both the Bank of England and the US Federal Reserve are odds on to cut official interest rates. Prediction: Both the Bank of England and the US Federal Reserve are odds on to cut official interest rates It had been expected to go again in December. Similarly, the Bank of England is seen as nailed on to cut rates this week having eschewed a reduction from 5 per cent last month. The big question for Bank interest rate setters is whether the significant loosening of the fiscal stance in Rachel Reeves’ Budget will mean normalisation of rates in the UK will have to wait even though consumer price inflation is below the 2 per cent mark.
Good news millions of Aussies with a mortgage have been waiting to hear for years
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