Loans and Finance

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Thursday, April 09, 2009

Steady As She Goes

The Bank of England is likely to hold interest rates at 0.5% today, as it judges the effectiveness of its cuts and quantitative easing.

There are signs, eg a relaxing of tight credit conditions, and a rise in house prices, that the meltdown may be abating. However, it is still early days and the recovery (if that is what we are really witnessing) may yet be stillborn.

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