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What will the BOE rate be set at this month?

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Comments

  • elona
    elona Posts: 11,806 Forumite
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    DH has just told me that the stock market has dropped 2 and a half per cent on hearing the news!
    "This site is addictive!"
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  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    pickles110564 wrote: »
    It does with my lifetime tracker BTL mortgages with the Coventry that dont have a collar, if it falls by 0.5% today then it will 1.25% Rate for me.

    We are in the fortunate position too of a life time tracker of .35% above base.

    In reality this is merely compensating us for the capital loss in our home which we purchased in July 2007. At current rates we are on course to save £62,000 in interest over the term of the mortgage :D
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    elona wrote: »
    DH has just told me that the stock market has dropped 2 and a half per cent on hearing the news!

    Banks and insurers are being marked down. Lower profits from lower interest rates will not help them rebuild their balance sheets.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    elona wrote: »
    DH has just told me that the stock market has dropped 2 and a half per cent on hearing the news!

    To be fair it was lower before the statement was released. The money markets have hardly changed from before the decision either so I think it was completely expected and "cost-ed in"
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