Base budgets on 7% interest rate

July 2007
Farmers Weekly;7/6/2007, Vol. 146 Issue 27, p19
Trade Publication
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.


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