TITLE

Base budgets on 7% interest rate

PUB. DATE
July 2007
SOURCE
Farmers Weekly;7/6/2007, Vol. 146 Issue 27, p19
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that farmers who are planning to invest in their businesses should budget on interest rates rising to 7%. Mark Berrisford-Smith, HSBC economist, said he expected two more quarter-point rises from the Bank of England in July and September 2007, taking its base rate up to 6%. Rates could then hold until the end of 2008, he said, but any risks to that scenario were all on the upside.
ACCESSION #
26003278

 

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