Show Me The Moneywith MoneyMagic!

Commercial Mortgage lending in the UK is very important and may have lower interest rates in the future. It appears that from reading some of the news items on this site such as
"Mortgage lenders cut loan rates after interest rates decision" , that the economy in the UK is very much hinged on the interest rates locally and the economy in the UK and throughout the world is playing against what may be happening in their markets.

Therefore their own David Kern who is the economic adviser to the British Chambers of Commerce, said: "The MPC''s decision to cut interest rates to 5.25 per cent was necessary for the economy. In the face of worsening global and domestic conditions, a refusal to act would have entailed unacceptable risks."

Kern also added that the move is "not adequate on its own". He believes that as threats to growth are "much more acute" now than the risks of inflation. He says "We would have welcomed a bold UK move to five per cent," he concluded

So in short because of the economy the consumer may get better interest rates so that economic growth can be stimulated. A good thing for the consumer in the long run.