Rates - how low can they go?
Posted by Jim Leaviss on 06 November 2008 16:59:00 GMT
We talked about the possibility of Japanese-style zero interest rate policy (ZIRP) heading to the western economies in a recent blog. Today we had an unexpectedly large rate cut from the Bank of England, with the policy rate hitting 3%, its lowest level since 1955, when Winston Churchill was Prime Minister. In this link to a 3 minute video I recorded this afternoon you can look into my wild, staring eyes and hear me discuss the Bank's decision and the outlook for bond markets into 2009.
