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Monday, August 08, 2011

Interest rates on hold to 2012

OK the financial markets are going back into turmoil.

The silver lining for landlords of the talk about a 'double dip' is that this all puts the likelihood of an interest rate rise further and further into next year. The Bank of England announced that they were keeping base rates on hold last week.

According to a recent poll of economists 26 out of 32 predicted that rates may not rise at all this year.

All good news for our rental profits.

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