Prospects of a Base-Rate Cut Look More Distant Following Inflation Jump to 3per Cent

Sunday HeraldMay 20, 2008

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Summary


THE latest inflation figures have made the chances of a cut in the base rate more remote. And that makes life tough for borrowers.

Should they opt to fi x their mortgages, or is a tracker loan a better option?

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Extract


Prospects of a Base-Rate Cut Look More Distant Following Inflation Jump to 3per Cent

The official rate of inflation jumped to 3per cent last month, which is above the government's 2per cent target. It is also just a fraction away from 3.1p...

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