Bank Rate cut .5 %

[Cyberman]

just announced

[TimberWolf]

Great, another interest rate cut for my mortgage company to ignore. Although the bank where I have my savings will be writing to me to let me know within a few days.

[Cyberman]

They should have cut by a lot more. I would imagine that the EU has agreed to only cut by .5%, so by doing this we are trying to protect the pound.

[ace00]

I think they should have left it at 2%. They just wanted to get in the Guiness book of Records.

[Cyberman]

I think they should have left it at 2%. They just wanted to get in the Guiness book of Records.

Naah. They are already in there for the National Debt, current account deficit, and of course the IMF loan of 1976.

[expat]

Bank Rate cut .5 %

just announced

Is that all?

[Cyberman]

Is that all?

Yep. 'Fiddling while Rome burns' springs to mind !! Still, the slower the action the better it is for the Tories.

[BrilloPad]

Is that all?

Why should they cut more? Its not the price of credit that is the issue its the availability.

What that noise I hear from the BoE? Is it a helicopter?

[BrilloPad]

just announced

How much will this increase your house price by?

[revert]

and drop the pound by?