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New Bank Rate Today ?
Robert_Sterling_3
Posts: 7,112 Forumite
New bank rate is 0.5%
...............................I have put my clock back....... Kcolc ym
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Comments
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Yes. I'll look at how the interest rates go, and if they drop again it might even be worth the exchange rate and commission impacts to move a bit into my euro accounts in Portugal. There I've just done a 4 year fixed rate (with access anytime) giving 3.2/3.3/3.4/3.5 % each of the 4 years...Being brave is going after your dreams head on0
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Utter madness! :mad:
Dave.... DaveHappily retired and enjoying my 14th year of leisureI am cleverly disguised as a responsible adult.Bring me sunshine in your smile0 -
The funny thing is that they actually believe that a low rate will cause banks to lend more and therefore support the economy :rolleyes:Being brave is going after your dreams head on0
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I think this is 'the bottom'.... 'Quantitative Easing' must surely mean that the interest-rate weapon has now been fully discharged......under construction.... COVID is a [discontinued] scam0
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I don't get it,we keep having these rate reductions yet nothing seems to change with the financial state 'we' are in, is there any evidence to show that the situation would be much worse had we not had these draconian bank rate cuts?
Personally I don't see that these cuts have made much difference except a few mortgages are cheaper and savers are getting very little returns.0 -
I think this is 'the bottom'.... 'Quantitative Easing' must surely mean that the interest-rate weapon has now been fully discharged.
And I suspect QE is doomed to failure too. The banks are simply going to hoard the money to make their balance sheets look less unhealthy. Neither QE nor lower interest rates stand any chance of encouraging renewed lending.
Dave.... DaveHappily retired and enjoying my 14th year of leisureI am cleverly disguised as a responsible adult.Bring me sunshine in your smile0 -
I don't get it,we keep having these rate reductions yet nothing seems to change with the financial state 'we' are in, is there any evidence to show that the situation would be much worse had we not had these draconian bank rate cuts?
Personally I don't see that these cuts have made much difference except a few mortgages are cheaper and savers are getting very little returns.
The effects don't filter through completely for at least a year after they're cut.0 -
Glad to see Halifax have wasted no time in passing the rate on to customers - Web Saver rate is now 0.16% gross pa0
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Disgusted and sad. They can't do much more damage now to hurt us savers any more.
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