Economic View: The Bank stood by while the house party got out of hand. But why be pu

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Economic View: The Bank stood by while the house party got out of hand. But why be pu

6th December 2007, 23:40:PM

I have changed my mind about interest rates. I think the Bank of England ought to start cutting them this week. Just as it failed to raise rates swiftly enough to cap the housing boom, now it is in danger of making the same mistake in reverse: not softening the house price decline by cutting rates ahead of expectations.

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Tags: bank, business, economic, housing, interest, mis, rates

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Economic View: The Bank stood by while the house party got out of hand. But why be pu

Economic View: The Bank stood by while the house party got out of hand. But why be pu

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