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MSE News: Base rate held at 0.5%

Former_MSE_Guy
Former_MSE_Guy Posts: 1,650 Forumite
Newshound! Chutzpah Haggler I've been Money Tipped!
in Mortgages & endowments
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 24th consecutive month ..."
Read the full story:
Base rate held at 0.5%


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Comments

  • Lokolo_2
    Lokolo_2 Posts: 1,012 Forumite
    First Post Name Dropper First Anniversary
    Well that's a HUGE surprise isn't it? :rotfl:
  • cloudberry45
    cloudberry45 Posts: 307 Forumite
    Its great news for me, just hope it goes a bit longer so I can make lots of overpayments! Not so good for people with savings though..
    :T baby boy born 01/01/2012 my New Years Day Boy
    :T
  • jd87
    jd87 Posts: 2,345 Forumite
    Combo Breaker First Post First Anniversary Name Dropper
    Long may the good times continue.
  • nzseries1
    nzseries1 Posts: 2,240 Forumite
    Blast! (In a Stewie voice)
    aaronmanz wrote: »
    Well that's a HUGE surprise isn't it? :rotfl:

    Actually, I really thought that this was going to be the month they raised it :(
    You're spelling is effecting me so much. Im trying not to be phased by it but your all making me loose my mind on mass!! My head is loosing it's hair. I'm going to take myself off the electoral role like I should of done ages ago and move to the Caribean. I already brought my plane ticket, all be it a refundable 1.
  • sharloid
    sharloid Posts: 421 Forumite
    Our mortgage has dropped from around £280 on our fixed to £190. I hope it continues!!
  • SilverSix
    SilverSix Posts: 284 Forumite
    Part of the Furniture Combo Breaker First Post
    Good news :)

    When's the next review?

    I have my mortgage application in process and it isn't actually needed till October though the longer the rise is put off it's still good for me.
  • GuidoT
    GuidoT Posts: 198 Forumite
    In about a months time.
  • rickbonar
    rickbonar Posts: 448 Forumite
    Good news for mortgage payers but bad news for savers.

    With inflation running at 4.8% the currency is losing it's value...

    I assume everyones waiting for the property market to "pick up" and holding their prices but again what are the bank of England waiting for unless it's for the value of the pound sterling to drop so low that we move to euros?

    I wonder if they're hoping we'll get bailed out like Ireland and Greece?

    Everyones holding or increasing their house selling prices and a rate interest hike would force some more realistic pricing.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Bad news for us savers, we are being robbed to bail out reckless borrowers.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • jd87
    jd87 Posts: 2,345 Forumite
    Combo Breaker First Post First Anniversary Name Dropper
    brit1234 wrote: »
    Bad news for us savers, we are being robbed to bail out reckless borrowers.

    Tough !!!!.
This discussion has been closed.
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