Comment on rate cut

News > news - 06 Feb 2009
Berry Everitt, MD of the Chas Everitt International property group, says the latest rate decrease is a good "step in the right direction because it will
send a positive message to both home owners and potential home buyers, especially when read together with the rate decrease that took place in
December".

He says that although it will take time to flow through the market it will help to restore consumer confidence in the economy, raise disposable
income and slow down reposessions, which will underpin home values."

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