Thursday 6 December 2007

Bank of England: interest rate cut to 5.5 per cent

Calling all financial shamans and money mystics - rejoice! The Bank of England has cut the base rate of interest to 5.5 per cent. Yippee! Will the lenders follow? They better.

Keith Busby was right! I love Keith Busby! Keith, you're the man! Regular readers will know that Keith predicted in this blog that the interest rate would come down by the end of the week. What a genius the man is!