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BoE cuts rates to 3.0%!!!

24567…31

Comments

  • stonethrower
    stonethrower Posts: 340 Forumite
    Bang goes sterling
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    The MPC will be in the dock in a few years' time when we're saddled with rampant inflation and soaring debt levels. And another calamitous bust. They should all be locked up and the key thrown away
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • GDB2222
    GDB2222 Posts: 26,568 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    PasturesNew wrote: »
    OK. Plan B. I am now broke.

    Start working again?
    No reliance should be placed on the above! Absolutely none, do you hear?
  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Jonbvn wrote: »
    What's the pound doing?

    Still around $1.58/1.59
    There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
  • HammersFan
    HammersFan Posts: 344 Forumite
    Great news. Another £120 per month off my BTL mortgage !!!!! I think this is a political move to shame banks into dropping mortgage rates. Abbey must not have seen this coming since they only hiked by .5 per cent on their trackers. This may have been meant as a lesson to the banks about who really calls the shots.
    18 May 2007 (start of Mortgage):
    Coventry Offset Mortgage £220800
    Offset Savings: £0
    Mortgage Balance: £220,800

    14 Jan 08
    Coventry Offest Mortgage: 219002
    Offset Savings: 28200
    Mortage Balance: £190802

    And still chucking every spare penny into it!
  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Everyone's gone mad!!!
    poppy10
  • adr0ck
    adr0ck Posts: 2,374 Forumite
    Part of the Furniture Combo Breaker
    C&G have removed all their tracker mortgages

    http://www.cheltglos.co.uk/news/tracker-range-news.html

    (more will follow)
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    worldtraveller wrote: »
    Still around $1.58/1.59

    Can't believe a 1.5% cut was already priced in?
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    I am currently on a 5.5% fixed with abbey.
    Wonder if they will reduce their rates across the board after this big cut.
  • adr0ck
    adr0ck Posts: 2,374 Forumite
    Part of the Furniture Combo Breaker
    Jonbvn wrote: »
    Can't believe a 1.5% cut was already priced in?

    i know that barclays capital have been expecting 3% (they have factored in for 2.5%)
This discussion has been closed.
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