Carry on borrowing

The Central Bank was at it again last week, warning that borrowing was reaching danger levels and that people would be exposed when interest rates rose.

16th July, 2005
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The Central Bank was at it again last week, warning that borrowing was reaching danger levels and that people would be exposed when interest rates rose. There is more than a touch of King Canute about its recurrent pleas. The thing is, of course, that interest rates remain at historic lows, the banks are throwing money out the door as quick as they can and the only way punters can buy a house is by...

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