Bank of England - Rates down to 3%

alchemistkevin

:beer:

kiwifruit_2

says on skynews that it is cut by 1.5%

aardvaak

alchemistkevin wrote: »

:beer:

Inflation here we go - when will rates go back up?

Milarky

What's the ECB done?

(ECB annoucment is due @ 1.45 pm)

isofa

kiwifruit wrote: »

says on skynews that it is cut by 1.5%

It is cut by 1.5% to 3%

http://www.bankofengland.co.uk/publications/news/2008/076.htm

meggsy

http://news.bbc.co.uk/1/hi/business/7713006.stm

Quentin

If you have some savings, see if you can catch a fixed rate interest now to put them in before the banks cut their rates to reflect this.

pKaTz

so, where can i fix my savings now before they fall too?

Swipe

Kiss goodbye to our savings.

meunier

What's this going to do with savings rates I wonder. When we get our money back from Icesave it's going to be worth far much less on the interest market it seems ...

Or is it that the institutions will still require the liquidity and still be fighting for it?

It is so, so difficult to judge the scale .... I sometimes feel there is an individual bandit somewhere pressing one up against an all too real wall for ransom

Or is that just me?

ScarletBea

There go my savings....
High prices, low savings rates