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MSE News: Base rate held at 0.5%

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This is the discussion thread for the following MSE News Story:
"The Bank of England today announced it is holding the base rate at its 0.5% historic low for the 19th consecutive month ..."
"The Bank of England today announced it is holding the base rate at its 0.5% historic low for the 19th consecutive month ..."
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Spend your savings so that they don't get eroded by inflation.
(I think that's what the Governer of the BofE has actually been quoted as saying, in the hope that you can prop up the economy).
If you are relying on savings income, then yes there has always been an inflation risk with that.
Are you too old to invest?
We get to sleep soundly at night and not worry about how we're going to pay the credit card bill this month.
or infact you can get certain bond funds that pay you monthly approx yireld 4-5%
"BOE announcement set to double your mortgage payments.....
"Re-possessions expected to climb to record numbers.....
"House prices set to dive by up to 70%.....
"Unprecedented doubling of Interest Rates set to hit the poor most....
"We're all doomed.......
Cut to weeping single parent mother with £37,000 owing on credit card, explaining why BOE action will cause her to be homeless...
From what I can understand they have failed miserably.
Machiavellii
lol yeh right.
The toffs can spend their millions instead.