Bank of England interest rates- down they go again!

[Southampton Letting Agent]

Originally Posted by Gigabyte

well you can bet your bottom dollar that the interest rate on my savings will be put down immediately!

Just like mine but the mortgages will no doubt remain the same!!!!

[mind the gap]

Originally Posted by Rodent1

Well it would appear that it is not very effective on outgoing data


Try this:
http://www.laffyerassoff.com/funny-p...heads-up-2.jpg

True; it would also have blanked out 99% of what you post, n'est-ce pas.

No, that link doesn't work either. Don't worry about it!

[Rodent1]

Originally Posted by mind the gap

True; it would also have blanked out 99% of what you post, n'est-ce pas.

No, that link doesn't work either. Don't worry about it!

Okay 3rd time lucky !

www. laffyerassoff.com/funny-pictures/people/II/heads-up-2.jpg

Try typing that one in?

The Rodent

[Izzycam]

Re Rodent, very funny.

[Rodent1]

Originally Posted by Rodent1

Okay 3rd time lucky !

www. laffyerassoff.com/funny-pictures/people/II/heads-up-2.jpg

Try typing that one in?

The Rodent

So did it work ?

The Rodent

[mind the gap]

Originally Posted by Rodent1

So did it work ?

The Rodent

Well, if that's one of your famous wet-rooms/shower rooms, I'm not impressed. The pipework is crap.

[Rodent1]

Originally Posted by mind the gap

Well, if that's one of your famous wet-rooms/shower rooms, I'm not impressed. The pipework is crap.

Taken in chambers, I believe.

The Rodent

[mind the gap]

Originally Posted by Rodent1

Taken in chambers, I believe.

The Rodent

Your bathroom, more like.

The digitally modifed study of unnaturalness is disturbing. Is there no end to your grossness? Don't answer that.

[Rodent1]

Originally Posted by mind the gap

Your bathroom, more like.

The digitally modifed study of unnaturalness is disturbing. Is there no end to your grossness? Don't answer that.

I prefer "openmindedness" ...and the answer is NO!


The Rodent

On Thursday last week the Bank of England chose to cut the base rate by a further half a percent to an all time low of 1.5%.

All those on tracker rates without collars will once again benefit from the cuts. If your lender passes on the full half percent cut, a mortgage of £150,000 would see monthly payments fall by over £60.

However it is unlikely to have too much of an effect on new figures and as such is unlikely to provide much stimulus for new homeowners in the struggling housing market.

Savers will not be so happy to hear of the rate reduction as this cut is also likely to be passed on to them via reduced returns on their savings.

This leads one to ponder the effectiveness of such a decision. It isn't likely to help the housing market, new mortgage rates aren't likely to improve, savers are suffering and the regular rate cuts adversely affect the Pound and reduce confidence in the economy in general. Aside from the increase in disposable income for those already on tracker rates, it is questionable as to how this helps the economy at all.