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05 March 2009

Bookies Back Bank Rate To Hit 0%

Bookmakers William Hill are offering odds of 7/4 (2.75) that the Bank Rate will hit 0% by the end of the year, following the latest reduction to 0.5%.

"We had offered 7/1 about the Bank Rate falling to 0.5% this time round and it seems to be heading inexorably towards nought. The only question is, will that psychologically significant figure be reached sooner rather than later?" said William Hill's spokesman Graham Sharpe.

Willam Hill, who offer 2/5 (1.4) that the Rate will not hit 0% this year, are also betting on where it will be at midnight on December 31, 2008, and offer 1/4 (1.25) that it will be Under 1.5% then, 4/1 that it will be exactly 1.5% and 8/1 that it will be over 1.5%.

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