Rates.... wil they wont they?

free4440273

free4440273 wrote: »

Cut by .25, complete fools:mad:

Those 6.70/6.90% fixed rate bonds won't be with us for long...Thanks Mervyn:rolleyes:

merlinthehappypig

sniperpenguin wrote: »

hmmmmm, looks like some people on that committee need a pairs of balls......

A pair of balls could make a more sensible decision.................

merlinthehappypig

Does anyone actually think that a .25% cut will be passed on either to saver or borrowers? Just curious really, but many banks have increased mortgage rates anyway over and above the BOE rate and, if cash is so hard to come by, will banks risk reducing savings rates and losing saver's money?

aardvaak

This is bad news for the country, bad news for the consumers!

This is going to be a very bad Christmas present!

Who is it going to help?

Running_Horse

dannyboycey wrote: »

Everybody knows

Don't try to stifle debate with your lazy assumptions. The Times leader yesterday called for a cut, so not everybody agrees with you.

As for interest rates. A cut means my overpayments rise. A rise means my mortgage will be paid off a few months later. Life goes on as normal in the RH household.

Shrugs shoulders and makes a cup of coffee.

ivegotabig1

Lets face it though.. a 1/4 cut was coming, if not this month then almost certainly next month... they caved in under the pressure,but this will probably mean no more cuts till spring time..... In real terms tho this cut will make little differance..the die is cast..in large part thanks to the BOE being too proactive in reducing rates with such haste a few yrs back !!!

RabbitMad

Watch a bit on news night last night and one guy made the point that it was better to cut too much too soon than too little too late. They also made the point that only in a year or so's time will we know if they made the correct decision

dannyboycey

Running_Horse wrote: »

Don't try to stifle debate with your lazy assumptions. The Times leader yesterday called for a cut, so not everybody agrees with you.

As for interest rates. A cut means my overpayments rise. A rise means my mortgage will be paid off a few months later. Life goes on as normal in the RH household.

Shrugs shoulders and makes a cup of coffee.

OK, for the benefit of RH, edit to read "Everybody with a degree of intelligence".

Your post illustrates a definite misunderstanding of the bigger picture.

jawa1

chriseast wrote: »

Does anyone actually think that a .25% cut will be passed on either to saver or borrowers?

Only the base rate has been cut, not the rate that the BOE lends to banks for mortgages, so mortgage rate will stay the same.

danm

good cut

if the economy goes into recession, inflation will be the least of our worries.

decisions made today are not in response to todays inflation, they are going to have an effect 4-6 months down the line.