Bank of England Hikes Base Interest Rate

[papau]

http://ap.tbo.com/ap/breaking/MGAOVDGROMD.html

Bank of England Hikes Base Interest Rate
The Associated Press

LONDON (AP) - The Bank of England on Thursday raised Britain's benchmark interest rate to 3.75 percent, up from 3.5 percent.
It was the first rise in the base rate since February 2000, when the rate stood at 6.0 percent. The previous rate was the lowest in 48 years. <snip>

The Bank's Monetary Policy Committee had been widely expected to increase the rate in a bid to prevent the improving British economy from overheating.

[LEW]

1. If you want to buy or refinance

do it now. Interest rates will be on the rise soon in the US. I've seen the writing on the wall for awhile and am surprised they have stayed this low for so long. Greenspan has done all he can, but this admins policies and tactics are about to catch up with them......

[Tempest]

2. It may already be too late

The U.S. Treasury plans to sell $1.7 trillion in bonds to keep the USS Bush afloat.

Assuming they find enough takers (they tried selling bonds a few weeks ago and got not takers), interest rates will rise.

[papau]

3. I wonder why the financial media didn't report US failed Bond sale

to finance rising national debt?

Seems like the US media may be trying to not hurt the image of Mr. Bush.

[bemildred]

4. Some things cannot be spun.

So what do you do?
You stall and hope for better luck after pumping out
a bunch of "good news".