Friday, February 8, 2008

The Bank of England turns to interest rates cuts as well!

Interestingly, many people think that it is just the United States that is in financial dire straits right now and quite frankly, that’s just not the case. Whereas I’m not cheering for anyone to have financial difficulty, especially when it comes to obtaining a Commercial Mortgage - the backbone to small business growth, I do think it is worth discussing. I recently read an article that had an all too familiar title regarding interest rates being cut by .25 percent. Granted, this was done by the Bank of England as opposed to the Federal Reserve, but the comparisons are noteworthy. Everyone is looking for a way to jump start the economy in this time of slowed economic growth. The good news is that there are some really good deals out there from a lending perspective.