Is Cameron right that interest rates are rising?
Posted at 11:28 am on 24 Nov 09 by Adam Lent
David Cameron argued in his CBI speech yesterday that interest rates are already facing pressure to rise as Government borrowing crowds out the private sector. Interesting then to note that, according to Moneyfacts, the average interest charged on a two-year fixed-rate mortagage has fallen below 5% for the first time since June. (Thanks to Duncan for drawing my attention to this report).
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