BOE cut to o.5%

mewbie_2

dervish wrote: »

Thanks.

Where can I find out a abit more about gilts please?

http://en.wikipedia.org/wiki/Gilts

Really2

mewbie wrote: »

I'm very pleased you are happy but alarmed that anyone might take notice of my random ramblings.

Rates will shoot up again at some stage though.

I agree but by that stage the offset will be sufficent in size to make it worth while keeping.

I am glad we talked about it on here I was 60/40 before the post.

lkalka

stephen163 wrote: »

Inflation should be taking a nose dive in the coming months, in which case savers aren't doing too badly.

EDIT - except those who rely on income from savings,

What a load of rubbish. The myth of deflation peddled by the mass media and politicians.

Maybe deflation in none essential goods e.g. cars etc

But does anybody really see life's essentials like food, petrol (yes it came down but it's sneaking back up), Gas/Electric (up 30 to 40 % and then down 7 or 8%) shooting down in price? Because I don't, especially the way the currency is being devalued.

People need to think for themselves and not believe the stuff peddled out by the media.

Wookster

ad9898 wrote: »

I'd really like to know where these deflation conditions exist, because I don't see them. If I was cynical, and as far as Clown goes I am, I can't see any deflation apart from house prices and mortgages, strange that hey.

Exactly.

Most other items (bar energy) are still inflating. This policy is going to be utterly disastrous.

Horasio

Who on earth benefits from this?

lily76

dervish wrote: »

another VICIOUS blow to savers.

old trick of captalism--always punish the most hardworking ones.

maveli

The_White_Horse wrote: »

this whole interest rate reduction thing is pointless as it only helps those on trackers or SVR.

people with loans, fixed mortgages, credit cards etc (ie the majority) it doesn't help them at all.

the govt should force bailed out institutions to lower the interest rates on ALL products. this way everyone would be better off and more inclined to spend.

These measures are not to help "people" if you look at the grand scheme. These are to help banks and other financial institutions. The goverment lent them Billions, writing off all their bad debts, buying their unsecured bonds and none of these are to help people but the banks.

so now why you think the interest rate cut, which is just one of the many things goverment did, is to help people. It is to help banks to get cheap loans and lend it to people on a higher rate and make a profit for them.

We, the people, are nowhere in their grand scheme.

dervish

lily76 wrote: »

old trick of captalism--always punish the most hardworking ones.

no thats SOCIALISM and communism you are thinking of.

Capitalism rewards hard workers

A_fiend_for_life

The_White_Horse wrote: »

this whole interest rate reduction thing is pointless as it only helps those on trackers or SVR.

people with loans, fixed mortgages, credit cards etc (ie the majority) it doesn't help them at all.

the govt should force bailed out institutions to lower the interest rates on ALL products. this way everyone would be better off and more inclined to spend.

I've not heard anything about the OFT getting involved with credit card rates. I think they forced them down to about 10% in around 2003 / 2004.

jay3_2

dervish wrote: »

no thats SOCIALISM and communism you are thinking of.

Capitalism rewards hard workers

Yes, especially those who inherit £800,000 tax free.