Interest rates cut

Mick70

Down from 0.75 to 0.25....  ouch 

stephenadarglas

Buy!! Buy!! Buy!! 

afis1904

Doesn't really do that much when the b issue is disrupted supply chains and a dwindling workforce but that would require an actual response from the government.

roddydogs

Does it really need another thread? Theirs already 2 before this op.

Mick70

roddydogs said:

Does it really need another thread? Theirs already 2 before this op.

On the savings forum ? Sorry didn’t notice any 

caveman38

Mick70 said:

roddydogs said:

Does it really need another thread? Theirs already 2 before this op.

On the savings forum ? Sorry didn’t notice any 

Nor me.
Time to take take some of the 1.5% 2Yr. fixes. They may be very generous this time next week.

onwards&upwards

Glad I’ve just opened a few fixed rate regular savers, although i’ll have to keep my eye on Coventry as that’s variable. 

Hopefully will mean some good deals when I remortgage later this year. 

Alistair31

onwards&upwards said:

Hopefully will mean some good deals when I remortgage later this year. 

Same thoughts here. Hopefully low rates are here come October. And hopefully I’m still alive  

Ceme3000

Does this mean savings rates will also be reduced again soon?

Alistair31

YesCeme3000 said:

Does this mean savings rates will also be reduced again soon?

Naturally. 

ProDave

This does not leave much room for further moves when the recession (that we are now in, but has not been "announced") starts to bite.

So the next worry is negative rates?

This is what happens when following the previous recession, the recovery was never strong enough to get us back to normal interest rates.