BofE announces Rate cut by .5% !!!!!

[Fishface]

Damn, I just rinsed my accounts and paid off my mortgages...

I can't decide if that was a good move...


ah well, done now - at least the banks can't get tulipty with me when they go tittsup

[SallyAnne]

Dunno, who to trust more - Bagpuss from CUK or 6 of the biggest central banks in the world. Hmm, tough one.

Are you going to do a poll?

[Bagpuss]

Dunno, who to trust more - Bagpuss from CUK or 6 of the biggest central banks in the world. Hmm, tough one.

Who knows, but they're trying ffs. Better than sitting back watching the world crumble around our ears.

Or Ken Clarke, who thinks interest rates should remain unchanged to combat rising inflation. Errosion of incomes, wonderful!

[BlasterBates]

What was that? interest rates down phew just in time....I'll come in. It's quite chilly on top a tower block at this time of year

[Cyberman]

What was that? interest rates down phew just in time....I'll come in. It's quite chilly on top a tower block at this time of year

I bet it is too little and too late for many people !!

[snaw]

Or Ken Clarke, who thinks interest rates should remain unchanged to combat rising inflation. Errosion of incomes, wonderful!

Reckon erosion of income is our biggest worry at this point in time?

[Cyberman]

I would also hasten to add that this action would not have happened if we were in the Euro !!!!!

[snaw]

I would also hasten to add that this action would not have happened if we were in the Euro !!!!!

European Central Bank trimmed its rate from 4.25% to 3.75%..

[Cyberman]

Reckon erosion of income is our biggest worry at this point in time?

It is not, the reason being that we are in a recession and consumer spending has fallen over a cliff. Inflation will fall pretty rapidly over the next few months as people lose their jobs. For instance, I paid 105.9p per litre of unleaded last week, down from approx 120p a month or so back.

[VectraMan]

I wish I had lots of debt. Damn this having cash.