BOE Interest rate shock!

guli

BOE interest rates just dropped to 3% :rotfl: :rotfl: :beer: :beer: :j :A :T :rotfl: :cool: :rolleyes:

DocMartin

...and presumably savings rates will follow suit while mortgage rates don't?

Geoff_W

That's just hit savers in the genitals.

Bet the banks still won't reduce the borrowing rates, though.

cookie_monster

Wow...3%...doubt it will encourage me to spend more though.

wombat42_2

guli wrote: »

BOE interest rates just dropped to 3% :rotfl: :rotfl: :beer: :beer: :j :A :T :rotfl: :cool: :rolleyes:

It is very bad news. It is futile trying to prop up the artificial housing bubble. Also it is not good news for savers. :mad: :mad: :mad: :mad: :mad:

Milarky

Amazing! Watch those savings rates tumble

Watch those mortgage rates creak a notch..

With the BOE doing this - desperation tactics - you'd have thought that they would now be briefing all the mortgage lenders to say they expect this to be passed on - in one, and in full, to mortgage cutomers... (will they heck!)

Stavros_3

Why have you started another thread when there was already one up and going

guli

Starvos,

If you're referring to this thread http://forums.moneysavingexpert.com/showthread.html?t=1267937

you have to notice that, that thread started 4 minutes later than this one...