interest rates down 50bps
Why do they bother?
Why do they bother?
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To make my mortgages cheaperOriginally posted by BrilloPad View Postinterest rates down 50bps
Why do they bother?
Si posse, recte, si non, quocumque modo rem -
Not convinced it will have much effect on the economy though. If anything it might makes things worse in short term ("if interest rates are that low things must be bad : lets save more").Originally posted by Bear View PostTo make my mortgages cheaperComment
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I agree about the wider economy - but it makes a difference to the Bear household economy!Originally posted by BrilloPad View PostSi posse, recte, si non, quocumque modo remComment
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I'm certainly getting less interested.Bored.Comment
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Which improves the banks balance sheets so that they can either lend less off the taxpayer, or lend more to business or individuals who (through prudent checks) can pay it back!Originally posted by BrilloPad View Post'elf and safety guruComment
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From thisismoney.co.uk
In the wake of the cut, bookmaker Ladrokes cut the odds on rates hitting 0% from 20-1 to 8-1.This default font is sooooooooooooo boring and so are short usernamesComment
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Which is all good in medium/long term. Not good for short term : GB needs it to stand a chance of being re-elected.Originally posted by thelace View Post
Maybe thats the reason behind this decision : to get rid of GB.Comment
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I had the misfortune to catch some of Breakfast TV this morning and they interviewed a bloke who was paying £950/ Month mortgage in the summer and under £300 before any rate change today.
His reaction was predictable and sensible:-
"I'm saving some and paying off extra to the mortgage with the rest."
Of course this exactly the opposite of what the Government want to achieve which is Middle Class spending to stimulate the economy, but it's completely rational and sensible.Comment
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