BBC2, Saturday 06 February 1999

Page 204 TimeCode 0001


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   P204 CEEFAX 2 204 Sat 06 Fjb 12:15/45
 
 
 
 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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