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Interest Rate To Be Cut Again Next Month!

 

Updated : Feb 7, 2009

The European Central Bank(ECB) has said that the European interest rates will be cut next month by a further .5%. The Bank Of England cut its rates down to a new all time low of 1%, the last time rates were that low was in the 1600’s over 400 years ago!

Jean-Claude Trichet, the boss of the ECB, did not make any cuts this month but he has said that next month the rates will be slashed again! This is fantastic news for homeowners that have big mortgages!

VeryHappyPig knows this is a bit boring but it is very good news!

 

 

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