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Debate House Prices
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B of E Base Rate: 5th February 2009
Gorgeous_George
Posts: 7,964 Forumite
What will they do with the base rate on Thursday?
Simple choice - cut, hold or raise.
Does anybody care anymore?
GG
Simple choice - cut, hold or raise.
Does anybody care anymore?
GG
There are 10 types of people in this world. Those who understand binary and those that don't.
What will the MPC decide on Thursday 160 votes
Cut
58%
93 votes
Keep the rate at 1.5%
22%
36 votes
Raise
1%
2 votes
Past caring!
18%
29 votes
0
Comments
-
CutI think they're definitely going to be cut again0
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CutCut to 1% I reckon, but whereas most of the previous drops have benefitted my tracker, all this one will do is lower the interest on my savings.
Ah well, c'est la vie!
Nick£5850 in the rainy day fund - target £9000£575 in OH 40th BDay Account - target £5000 by April 2013 :eek:0 -
CutA drop will cost me a few pounds in interest, in the 10's not the hundreds. Like nick my tracker won't drop anymore, but I have a tiny mortgage anyway, so not really that bothered anymore. I think they will drop.Freedom is not worth having if it does not include the freedom to make mistakes.0
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CutI suspect they'll cut, why not.Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
Past caring!i am past caring as im certian they will drop them.:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
I don't see much logic behind rate cuts, it's now at the stage where they are counter-productive, as they do little or nothing for mortgage holders, yet hurt savers. The only reason I can see for doing it is to further discourage saving. I suspect Blanchflower and co. are hell-bent on cutting again, though.
If they do cut I'll just pull more money out of banks and building societies and invest in something else, like gold or US dollars.Saved over £20K in 20 years by brewing my own booze.
Qmee surveys total £250 since November 20180 -
Keep the rate at 1.5%I thought they might be a bit concerned about the pound falling further so I am set to win 50 quid on betfair if they stay unchanged.:rolleyes:0
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Keep the rate at 1.5%I am going to be bold and predict they'll remain the same. They desperately need to start putting them up not down - and they know it - but they haven't got the balls to do it yet. :rolleyes:
Rob0 -
Cut
Could you elaborate on that?They desperately need to start putting them up not down - and they know it - but they haven't got the balls to do it yet.Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
Keep the rate at 1.5%Could you elaborate on that?
Umm, enough posts about it on a daily basis on these forums. Suggest you do some reading?
To put it very simply :
Lowering it keeps people in their houses
Raising it stops the country from going bankrupt
Now which one do you think is most important for the country overall?
Rob0
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