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BOE Rates hit 1.5%
Welshlassie
Posts: 1,731 Forumite
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BBC link here
http://news.bbc.co.uk/2/hi/business/7817453.stmInterest rates hit all-time low
The Bank of England has cut interest rates to 1.5%, the lowest level in its 315-year history, as it continues efforts to aid an economic recovery.
The half percentage point reduction brings interest rates below 2% for the first time since the Bank of England was founded in 1694.
Manufacturers' association EEF said the move was "too timid", and that the Bank should have cut rates further. The Bank has now reduced rates four times from October's 5% level.
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
thanked the graph, even steeper than house prices...
...but the thread is not the first!!0 -
Lets hope it's the last cut before they go back up again!0
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...but the thread is not the first!!
But it is the only one with a pretty red line on a graph. :beer:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Looks like the markets priced in a larger drop. The £ as shot up again against the $ and the Euro.
Should be another 0.5% next month. My mortgage will be cheaper than renting a card board box soon.:D0 -
renting a card board box soon
Cardboard Box ???? ...................You were Lucky !!!!
We used to live in a rolled up newspaper in cess pit.....father worked 27 hours, 7 days a week and paid for privelige.....................and you try telling people today....................'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Looks like the markets priced in a larger drop. The £ as shot up again against the $ and the Euro.
Thanks for that Really. I am about to pay a big bill in dollars and I've been and checked xe.com and you've officially made my day!Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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