Thursday, April 28, 2011
The economy is not doing as well as expected, which for me is a good thing. It is likely that all the bank holidays this month will also delay the growth because of industry being closed so much. This is good for me because it means that interest rates are not likely to change for a while. There are predictions that they will start going up in August, but of course they will be put up earlier if the economy seems ready. the longer they stay low, the better in my opinion, although once my mortgage is paid off I will be happy for them to rise massively!