Summary
RISING interest rates look likely to take the heat out of the housing boom, though over the weekend Chancellor Gordon Brown dismissed fears that the property market could crash.
Paul Tucker, a member of the Bank of England's Monetary Policy Committee, has indicated that rates are likely to creep up and probably need to hit between 5pc to 5.5pc to reach their 'neutral level'.See the full content of this document
Extract
Housing Crash Fears Dismissed
Tucker said the Ban...
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