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| Interest rates could fall further, says Bank economist http://www.x404.co.uk/forum/viewtopic.php?f=19&t=23524 |
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| Author: | pcernie [ Thu Mar 19, 2015 10:58 pm ] |
| Post subject: | Interest rates could fall further, says Bank economist |
http://www.bbc.co.uk/news/business-31967023 'Look, George got swept up in it all, started offering mortgage ISAs for homes that'll never be built...' |
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| Author: | hifidelity2 [ Fri Mar 20, 2015 8:28 am ] |
| Post subject: | Re: Interest rates could fall further, says Bank economist |
well its good news for me and the mortgage if it does - what with having a tracker n all |
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| Author: | TheFrenchun [ Fri Mar 20, 2015 9:16 am ] |
| Post subject: | Re: Interest rates could fall further, says Bank economist |
Fall further? What? go negative? |
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| Author: | hifidelity2 [ Fri Mar 20, 2015 10:23 am ] |
| Post subject: | Re: Interest rates could fall further, says Bank economist |
Could go to Zero but yes negative - I think its the Swedish and the Swiss currently have a negative interest rate (central back) of -0.25% so they charge you to keep your money with them |
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| Author: | jonbwfc [ Fri Mar 20, 2015 11:59 am ] |
| Post subject: | Re: Interest rates could fall further, says Bank economist |
It would be... interesting. This week's budget somewhat about encouraging people to save - under certain circumstances the government are basically going to pay you to do it. But if the interest rates stay so low or god forbid go into the negative, there's absolutely no incentive for anyone who isn't getting an incentive to save... Jon |
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| Author: | JohnSheridan [ Fri Mar 20, 2015 9:23 pm ] | |||||||||
| Post subject: | Re: Interest rates could fall further, says Bank economist | |||||||||
Exactly - which is why I now buy premium bonds instead as I can always cash them in and, every now & again I get a little surprise from Ernie. 
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| Author: | pcernie [ Fri Mar 20, 2015 10:26 pm ] | ||||||||||||||||||
| Post subject: | Re: Interest rates could fall further, says Bank economist | ||||||||||||||||||
Not me, I should point out 
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| Author: | JohnSheridan [ Fri Mar 20, 2015 11:39 pm ] |
| Post subject: | Re: Interest rates could fall further, says Bank economist |
Well you can if you like
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