We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Bank of England raises interest rate to 5.75%

Graham_Devon
Graham_Devon Posts: 58,560 Forumite
Part of the Furniture 10,000 Posts Combo Breaker
in House buying, renting & selling
Just heard it, just letting you all know!
«13

Comments

  • phlash
    phlash Posts: 883 Forumite
    500 Posts
    Getting ever closer to the 6% barrier.

    It was only 6 months or so ago that everyone was saying 5.5% would be the peak and that they would drop back down.
    I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
    That also means I cannot share in any profits from any decisions made!;)
  • dannyboycey
    dannyboycey Posts: 1,060 Forumite
    6% before Chrimbo!
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    Will be interesting to see which savings rates follow suit.
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • dannyboycey
    dannyboycey Posts: 1,060 Forumite
    Jonbvn wrote: »
    Will be interesting to see which savings rates follow suit.

    As always, the lenders will up their rates quicker than a slippery turd off a big stick, and savings rates will be upped a few weeks later. :mad:
  • ilovegreatdanes
    ilovegreatdanes Posts: 2,058 Forumite
    thank you , thats made my day....
    People bring great joy into our lives..some by arriving, others by leaving.im trying to be one of the former, so please bear with :)

    LOVE ME, LOVE MY NEWFOUNDLAND.:A
  • amcluesent
    amcluesent Posts: 9,425 Forumite
    http://blogs.telegraph.co.uk/business/ambrosevanspritchard/july07/bearstearnspoppedthebubble.htm

    Torygraph calling a top - "...it might be good time to cash in a few stock gains, and rotate a little wealth into banal interest-bearing accounts."
  • PJD
    PJD Posts: 582 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    A nice round 6% by the end of the year seems like a safe bet

    I'm looking forward to what the rate will be by the end of 2008?

    Interesting times to follow
  • slipthru
    slipthru Posts: 632 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Indeed interesting times to follow.

    And good time to save.
    In Progress!!!
  • Dead_Eye_Jones
    Dead_Eye_Jones Posts: 739 Forumite
    PJD wrote: »
    A nice round 6% by the end of the year seems like a safe bet

    I'm looking forward to what the rate will be by the end of 2008?

    7, 8, or even 10%.... ?

    Interesting times to follow

    Not really much to look forward to. The City is already getting a bit nervous. Unfortunately high rates have knock on effects in many directions that affect us all. But hey most people cant see past the extra £10 they get in their savings account.

    Oh well, in the meantime, im joining the pay off ya mortgage in 3 years thread ;)! Round about when the 4% fix ends ;)!
    Debt: a bloomin big mortgage

    all posts are made for entertainment value only, nothing I say should be taken as making any sense and should really be ignored
  • undercoat11
    undercoat11 Posts: 103 Forumite
    I am really pleased and hope that the interest rates carry on upwards. I have been really fed up that the money I have saved has been earning piddling amounts of interest (although my shares have done spectacularly well over the last few years). Great news!
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.6K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.5K Work, Benefits & Business
  • 604.3K Mortgages, Homes & Bills
  • 178.6K Life & Family
  • 261.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture