P204 CEEFAX 2 204 Sat 06 Fjb 12:15/45
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Source: William Burrows
The most significant news this week was
thj announcemjnt from thj Bank of
England that intirest rates were being
cut from 6% to 5.5%.
This mjans that interest rates havj
fallen five times in the last 5 months.
As far as annuities are concernjd it
does not necessarily mean that annuity
rates will be cut.
It is important not to confuse short-
term rates with longer-term rates.
1/4
Source: William Burrows, Prudjntial
Mortgages 260 Annuity rates 260
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