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Monday, December 08, 2014

Low interest rates until 2020?

According to Stephanie Flanders writing in This is Money today, the 'Office for Budget Responsibility is assuming that the first interest rate rise will come late in 2015, and that rates will be below 2 per cent for a further two years, reaching 2.2 per cent only by the start of 2020.'

So hopefully landlords will benefit from cheap money for a few more years to come, but nothing is guaranteed.

Read Stephanie Flanders evaluation of interest rates in This is Money

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