0.5% Cut

Lokolo

boo!!!!

http://news.bbc.co.uk/1/hi/business/7817453.stm

Milarky

'On the money' (i.e. exactly what they were putting about ahead of time - so as not to spook the market)

luvpump

I see Icici "HiSave" have reduced there savings rate already !!!!

juicyjude

Come on Martin, cant you have a word with Mr Darling and Mr Brown. Pleaseeeeeeeeeeeeeeeeeeeeeeee cant someone speak up for us savers

aardvaak

Lets hope it's the last cut before rate goes back up again!

Lokolo

Someone on the student part reminded me that Student Loan interest rate will fall with it! So not tooo bad.

ScarletBea

The way I see it, and from what I've read, all the manufacturers and banks keep moaning about the situation and the BoE cuts the rate.
They moan some more, the rates go down again...
Is it any wonder that there aren't any good news published (apart from Sainsbury's increased sales)? The BoE is just pampering these moaners without looking at the reality!!! :mad:

(ok, I may be exaggerating, but I'm really really annoyed --> and this is definitely not making me spend money, there!)

juicyjude

Scarletbea, could not have put it better!

ragingbass

It'll come down another 0.5% before long

97trophy

ragingbass wrote: »

It'll come down another 0.5% before long

Sadly, I think you are right.

BenL

oh dear, i'll have to put more money into my savings account now to offset the IR reduction and get towards a goal of house deposit, campervan etc.

I'll spend even less on the useless stuff in the world and not watch any adverts.

Is this what they intended the reaction to be?