UK Interest Rates To Go Down Further?

**geoff01** · #1 01-04-2009, 09:35 AM

New year is a good moment for bold decisions, and this Thursday Mervyn King, the governor of the Bank of England, is expected to start 2009 as he means to go on: cutting interest rates to their lowest level since the Bank was founded in 1694.

Rates have already been reduced from 5% to 2% since the autumn, in an unprecedented onslaught on the worsening recession; but the Bank's nine-member monetary policy committee is widely expected to make another reduction, of perhaps 0.5 percentage points, this week.

Guardian.co.uk

futurediva007 · #2 01-04-2009, 03:43 PM

Hi,
First of all Happy New Year 2009 to you all.
I am not from UK.
But I would like to know one thing.Can someone from outside UK get a loan, suppose a loan of 500,000 GBP at a low interest rate for a long term, up to 25-30 years? I am very serious about paying my loans. You will never get any problem with the loan payment. I can provide you with good proofs about my reputation.
If you know something about it, please PM me.