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Central bank slashes key rate to 1.5 per cent
20653
Central bank slashes key rate to 1.5 per cent
Business
|
206527 hits
| Dec 09 1:06 pm | Posted by:
Hyack
2
OTTAWA - The Bank of Canada took an axe to short-term interest rates Tuesday, warning of a deteriorating global economy
Comments
by
Robair
Tue Dec 09, 2008 11:25 pm
Five year fixed was NOT the way to go.
by
DrCaleb
Tue Dec 09, 2008 11:52 pm
"Robair" said
Five year fixed was NOT the way to go.
Yes it is, and you know it. In the 3-5 year range, interest could go to 10% + like both of us are expecting. In which case, ~4.5% will make us look like geniuses.
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Five year fixed was NOT the way to go.
Yes it is, and you know it. In the 3-5 year range, interest could go to 10% + like both of us are expecting. In which case, ~4.5% will make us look like geniuses.