Sharp rate cut on the cards for February 09?

Ines Schumacher writes on Fin24.com that we might expect a 100 basis point cut in February 2009, followed by 50 basis points at every sitting of the MPC for the remainder of this year.

That would mean a total cut of 3.5% during this year, or 4% including the 50 point cut in December 08, from 15.5% down to 11.5%

If that does indeed happen, then we should see a noticable improvement in the economy and now would be the time to snap up some investment properties while many are still in distress.

Read the article HERE.