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BoE raises rates to 5.25%
gelato_cat
Posts: 2,970 Ambassador
Good news for people with money in the bank!
Wonder what Icesave's going to do...
Suze
Wonder what Icesave's going to do...
Suze
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With any luck, Mr Mumble will be along shortly with one of his famous threads.
http://forums.moneysavingexpert.com/showthread.html?t=301216Time has moved on (much quicker than it used to - or so it seems at my age) and my previous advice on residential telephony has been or is now gradually being overtaken by changes in the retail market. Hence, I have now deleted links to my previous 'pearls of wisdom'. I sincerely hope they helped save some of you money.0 -
That's put the cat amongst the pigeons! The merry-go-round starts once more - the market has only just shaken itself out from the last change. :rolleyes:0
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Boy, that was a surprise!Policy makers led by Governor Mervyn King increased the repurchase rate to a five-year high of 5.25 percent, wrong- footing all of the 52 economists in a Bloomberg News survey who expected the rate to stay at 5 percent.
Those who moaned about last August must be going apoplectic!
I'll try and do something quick and dirty on the guaranteed rate rises."The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
The guarantee means it must increase the rate to at least 5.50% (Base rate + 0.25%) from the current 5.45%. Now whether it increases by more...and when...?Suzey wrote:Good news for people with money in the bank!
Wonder what Icesave's going to do...
Suze0 -
Mmmmmm................bring it on!
come on ICEsave0 -
However lets see how many banks actually increase their savings rate by the full 0.25% (as opposed to the banks that increasse their lending rates quick smart)."An eye for an eye leaves the whole world blind" - Mahatma Gandhi0
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b0ll0x....anybody want to buy a 4x4, yaught and poser palace in Grabamuf0
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it was a surprise to the stock market as well and the indices dived on the news. There must be some quite difficult underlying reason for this decision0
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i wonder if there could be another rate rise in Feb?0
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Spot the borrower on the savers board.MickKnipfler wrote:b0ll0x....anybody want to buy a 4x4, yaught and poser palace in Grabamuf
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