Interest rate cut: -1.5%

[d000hg]

Wow, big cut. Discuss...

[Cyberman]

why make another thread ?

[swamp]

I'm on a full-term tracker mortgage!

Boomed!



OK it will only make me £120 a month better off, but good news is good news

[EternalOptimist]

This is a disaster. As a saver I will get stung by this, its bad for Britain also.
Disaster, bad for the pound also.

[d000hg]

why make another thread ?

If other people can't be bothered to pick a sensible title, I can't be bothered to read every single thread to see if it was already discussed.

[TheFaQQer]

If, as the title of the thread suggests, there has been a cut of -1.5%, shouldn't we be moaning about this massive increase in interest rates??

[DimPrawn]

I'm on a full-term tracker mortgage!

Boomed!



OK it will only make me £120 a month better off, but good news is good news

Have you read the small print? There's a lot of wriggle usually that means they don't have to pass on all or any of the cut.

I know it sounds mad, but some have a lower limit (like 1% above BoE) and some say they can move you to an alternative product if they wish to stop the one you are on.

[MPwannadecentincome]

This is a disaster. As a saver I will get stung by this, its bad for Britain also.
Disaster, bad for the pound also.

from the eternal optimist?

[ThomasSoerensen]

from the eternal optimist?

you don't want the pessimist version

[Advocate]

Bugger,

I transferred some cash from euro land back to the UK last night, the exchange rate has shot the other way. Bet it chooses the crap one today rather than the ok one last night!