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Downturn points to cut in rates

Realy · 2008-11-05 08:47:07

http://news.bbc.co.uk/1/hi/business/7709253.stm "Nationwide said there was a 40% chance that interest rates would be cut by half a point to 4%, and a 55% chance that they would be cut to 3.75%." (good maths where is the other 5%?:)) As predicted a .5% - 1% cut looks the most likely. This makes a £150,000 mortgage £592 per…

Comments

StevieJ Posts: 20,174 Forumite

6 November 2008 at 2:16PM

purch wrote: »

The best £ 400 a year anyone can spend :T

Thought about it but I am a bit tight, maybe false economy.

'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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