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Interest Rates stand at 5%
05 September 2008
The Bank of England has once again held interest rates at 5% due to rising inflation fears. The governments Stamp Duty holiday is unlikey to effect the market especially in the South East so a rate cut is very much needed this year.
Rising unemployment and inflation coupled with limited financing makes it a difficult one to call but there is no doubt a rate cut is on the horizon in order to inject some confidence back to the market place.
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