Global Economy: Interest rates.

With the latest drop of 0.25% by the Bank of England the major rates that affect us here in Spain and in the Canary Islands are as follows:

Base rates:

• US: 3%


• EU: 4%


• UK: 5.25%

This general downwards trend should help restore confidence and reduce the lemming impact in the stock exchanges.

Now is the time to invest in real estate in Tenerife: obviously with an Irish Estate Agent.

Ciao.

http://www.pci-international.com/