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Old 14-07-2016, 01:44 PM
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An analyst on radio 2 said today that despite the scare stories that government borrowing interest rates would increase as our credit rating would suffer it seems that now we are about to begin divorce proceedings with the EU the Government borrowing rate has dropped from 2% to 0.7%!!!!!!

A historic low.

That is a huge difference when talking about the sums involved.

Very clever of Carney (BOE) straight after brexit to say interest rates may go down, I suggested that it would be delayed as this would leave more wriggle room. It stabilised the markets and now that it has been delayed the market reaction has been neutral. Now if next month they stay the same it will be because 'there is no evidence of a slow down'. So this tactic is win win.
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