Interest Rates Could Be Cut Four Times Next Year

Daily MailDecember 24, 2007

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Summary


INTEREST rates are likely to be cut four times next year as the Bank of England tries to counter weak growth in the economy, experts believe.

The first cut could come next month, a move that would be welcomed by homeowners struggling with crippling repayments.

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Interest Rates Could Be Cut Four Times Next Year

This month, the base rate was lowered by a quarter point to 5.5 per cent.

Four cuts, each of a quarter point...

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