Released on: September 5, 2008, 12:50 am

Press Release Author: Gracy

Industry: Financial

Press Release Summary: With the economy showing signs of coming to a halt the
interest rates are likely to crash in 2009.

Press Release Body: London (Ask4loan) September 5, 2008: The coming year may show a
halt in the economy and consequently the interest rates are likely to fall.

It is definitely a good news for those who can afford to tie up their money. They
can make tax savings up to 7 per cent before tax up to 3 years.

Big market players such as Nationwide and Halifax have already announced tax
reductions in context of fixed rate deals.

Market analysts are of the view that BoE will soon cut down fixed deals rates and
this will surely bring a smile or two on the face of Britons.

Jonathan Loynes, of Capital Economics, hinted that the base rate is expected to fall
close to 3.5% by September, 2009. Another eminent market analyst, Mark
Berrisford-Smith, senior economist of HSBC, said that the Bank of England strive for
inflation peak. The shocking August inflation figures of almost above 5% can be
attributed to rising energy prices. But, expectations of a cut in the rates is soon
expected up to 4% by summer next year.

For additional information on the news that is the subject of this release (or for a
sample, copy or demo), contact Webmaster or visit http://www.ask4loan.co.uk

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