Buyers and sellers will require a dose of realism David Alexander
over 3 years in TheScotsman
To those familiar with the high interest rates of the 1970s and early 1980s, last week’s rise in base rate from .01 per cent to 0.25 per cent must have seemed like a drop in the ocean. Even compared with the decade before the financial crash of 2008 – when base rate hovered around five per cent – the new figure still seems laughably small.
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