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Interest rates cut 0.5%

StevieJ
StevieJ Posts: 20,174 Forumite
Part of the Furniture 10,000 Posts Combo Breaker
in Debate House Prices & the Economy
Bank cuts rates
'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
«134567

Comments

  • Realy
    Realy Posts: 1,017 Forumite
    Can they do the same tomorrow?:D
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    across many countries too

    all 0.5% down

    US fed, euro central bank, canada, switzerland and sweden
  • Pobby
    Pobby Posts: 5,438 Forumite
    Ayyy, ayyyy here we go again. Plasma TVs, sales have started to soar again. They are laying laminate flooring on the roof next door. Must rush out and buy a bunch of BTls to take advantage of all this cheap credit. Oh well !
  • Realy
    Realy Posts: 1,017 Forumite
    Pobby wrote: »
    Ayyy, ayyyy here we go again. Plasma TVs, sales have started to soar again. They are laying laminate flooring on the roof next door. Must rush out and buy a bunch of BTls to take advantage of all this cheap credit. Oh well !

    Oh come on mate this is for the stability of the economy not to help home owners.
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    Pobby wrote: »
    Ayyy, ayyyy here we go again. Plasma TVs, sales have started to soar again. They are laying laminate flooring on the roof next door. Must rush out and buy a bunch of BTls to take advantage of all this cheap credit. Oh well !

    What a load of rot.

    With respect.


    Can you honestly not see things are different?
  • pickles110564
    pickles110564 Posts: 2,374 Forumite
    Pobby wrote: »
    Ayyy, ayyyy here we go again. Plasma TVs, sales have started to soar again. They are laying laminate flooring on the roof next door. Must rush out and buy a bunch of BTls to take advantage of all this cheap credit. Oh well !
    How is this gonna happen? They wont be cutting mortgage rates, not a chance.
    They will keep mortgage rates high and in short term will be moving upwards as they have to raise funds from somewhere.
  • formulaonefan
    formulaonefan Posts: 357 Forumite
    wow... 0.5% suddenly!! that's going to push the FTSE up through the roof. House price crash cancelled??? - NOT!
  • Pobby
    Pobby Posts: 5,438 Forumite
    Yea, just my poor attempt at humour lol! On a serious note I will be having a regular look at the ftse today to see if or what impact this will have.
  • neas
    neas Posts: 3,801 Forumite
    Interest rates on dwebt will decrease... meaning people will be able to repay debts easier...

    But this will create increases in other things on the world stage that we now have little say over:

    Gas, Elec rises:
    Other comodoties will rise as our currency is devalued... from these bank funds.

    We are in for some interesting times...

    Still... all this economic woe and falling house price trend is psychology.. it stop sthe house market dead.. so Im still getting the better end of the deal here... Good job i just fixed me ISA with NR at 6.15% for a year :) and have the HBOS regular saver at 10% before tax... generating my deposit for a house :). Not too affected by this IR cut in terms of saving potential.
  • Realy
    Realy Posts: 1,017 Forumite
    neas wrote: »
    Interest rates on dwebt will decrease... meaning people will be able to repay debts easier...

    But this will create increases in other things on the world stage that we now have little say over:

    Gas, Elec rises:
    Other comodoties will rise as our currency is devalued... from these bank funds.

    Well perhaps they would of if all the western world had not done the same.
    It looks like they are working together now.
This discussion has been closed.
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