Quote:
Originally Posted by bitontheslide
we have been in deep recession before and still had high interest rates. Interest rates are increased to encourage large investors to buy sterling rather than the dollar, euro etc. So our interest rates will only come down when other countries interest rates are also reduced. It's a world event, not internal country specific
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This guy said we were in an identical situation the same thing happened in 2008 and it was proven to be a mistake to put the interest rates up … it was a worldwide problem then as well ..
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