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Interest Rates down 1% Tomorrow?
StevieJ
Posts: 20,174 Forumite
Calls for a 1% cut tomorrow, I think it may happen.
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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Comments
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Thats gonna hurt saversLiquidity is when you look at your investment portfolio and **** your pants0
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keep dreaming... 1/2% max... probably less!0
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They need to go up to curb rampant inflation0
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Nooooooooooooooooooooooooooooooooooooooooooooooooo
You're spelling is effecting me so much. Im trying not to be phased by it but your all making me loose my mind on mass!! My head is loosing it's hair. I'm going to take myself off the electoral role like I should of done ages ago and move to the Caribean. I already brought my plane ticket, all be it a refundable 1.0 -
That would be far too extreme for the BoE....but having said that , these are extreme circumstances !0
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'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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I can't see what a reduction in interest rates would acheive in the current climate (although I would welcome it as someone with a lifetime tracker mortgage). The banks still won't lend to each other and I doubt that savers would suffer as banks will still need to borrow from us and will be competing for our money. They wouldn't be likely to reduce rates at which they lend to business.
Maybe someone would explain it to me.0 -
Put your money into high fixed rate account now, before they are gone. Like the AA at 7.21% fixed for 1 year.
http://www.theaa.com/savings/year_fixed.htmlVodafone sucks. :mad:0 -
Its an immediate cut of half a percentLiquidity is when you look at your investment portfolio and **** your pants0
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yep, just confirmed by GB0
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