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Debate House Prices
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BoE Rate UP or no change
Comments
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Seriously, who thinks it will be up 0.5%?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
No Change. And rightly so.0
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Would banks increse savings rates if base rates went up? They haven't brought mortgage rates down by the same amount as base rates have fallen, so they may take the opportunity to to claw back some money by keeping savings rates the same and increas mortgages.0
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It seems that its only mortgage payers that want to keep it at 0.5%.
Well those that have paid off there mortgage and have saved for many years want to see some rewards for there efforts,a base rate of 5% would be a nice start,but we all know that wont happen.
Those with variable or tracker rate mortgages, and businesses and their employees have a vested interest in keeping rates low at the moment.
Well done in paying off your mortgage(s). It is an advantage either way.
If you paid it off in recent years you probably benefited from low interest rates. Also plenty of assets and investments increase as rates drop so maybe you should look at investing in those.0 -
Typhoon2000 wrote: »Would banks increse savings rates if base rates went up? They haven't brought mortgage rates down by the same amount as base rates have fallen, so they may take the opportunity to to claw back some money by keeping savings rates the same and increas mortgages.
Fallacy. With NW you can get 2.8% with instant access.
Tesco Bank launched a bond with a 5% gross yield at the weekend.
If 1st qtr GDP figures are ok. My money is on at least a .25% rise in May.0 -
Thrugelmir wrote: »Fallacy. With NW you can get 2.8% with instant access.
Tesco Bank launched a bond with a 5% gross yield at the weekend.
If 1st qtr GDP figures are ok. My money is on at least a .25% rise in May.
Thats not a savings account, it's an investment.0 -
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i watn to vote a drop by a quarter percent.. down to .25%0
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I think you need to realise that the only votes that count, are from those who sit on the Monetary Policy Committee at the Bank of England.whatyadoinsucka wrote: »I want to vote a drop by a quarter percent.. down to .25%0
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