Released on = July 15, 2006, 2:38 am

Press Release Author = Shakespeare Finance Limited

Industry = Financial

Press Release Summary = Cost of borrowings on hold bring respite for borrowers

Press Release Body = The rate of interest has remained unchanged for the
consecutive11th month. The Monetary Policy Committee of Bank of England\'s has voted
in favour of cost of borrowing to be at 4.5 per cent.

London ( easy-debt-consolidation-loan ) 14 July, 2006: Interest rates have remained
frozen for the eleventh consecutive month. The Monetary Policy Committee of Bank of
England\'s has voted in favour of cost of borrowing to be at 4.5 per cent.

In the month of May, the Bank cautioned that price rises would be above its 2 per
cent target in 2 years if it did not raise the rate of interest of secured and
unsecured loans. But t Mervyn King, Bank\'s governor suggested last week that he was
in no hurry to change rates as fall in the stock market and the strength of the
currency eased inflationary fears.

He also said that though costs of essential products are rising but the cost of
other products are stagnant and salary growth remained quiet.

This news has brought great relief to thousand of Britons who are on the verge of
taking personal loans or are paying variable rate of interests.

For additional information on the news that is the subject of this release (or for a
sample, copy or demo), contact Webmaster or visit
www.easy-debt-consolidation-loan.co.uk



Web Site = www.easy-debt-consolidation-loan.co.uk

Contact Details = 11 Parade House, 135 The Parade, High Street, Watford,
Hertfordshire, UK, Ph No. 08081602577, Fax No. 084589090008, parkerala@gmail.com