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UK may have to cut interest rates, warns Bank of England
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=24350		 Page 1 of 1
Author:  pcernie [ Sat Sep 19, 2015 12:45 am ]
Post subject:  UK may have to cut interest rates, warns Bank of England
UK may have to cut interest rates, warns Bank of England chief economist | Business | The Guardian
http://www.theguardian.com/business/201 ... dy-haldane

I'll have to read that tomorrow...
Author:  l3v1ck [ Sat Sep 19, 2015 6:46 am ]
Post subject:  Re: UK may have to cut interest rates, warns Bank of England
Would the banks even pass that on to borrowers? Since the rapid interred rate drop at the start of the financial crisis, rates offered by banks haven't exactly mirrored the changes made by the BoE.
Author:  davrosG5 [ Sat Sep 19, 2015 8:02 am ]
Post subject:  Re: UK may have to cut interest rates, warns Bank of England
l3v1ck wrote:
Would the banks even pass that on to borrowers? Since the rapid interred rate drop at the start of the financial crisis, rates offered by banks haven't exactly mirrored the changes made by the BoE.


Savers yes, borrowers no. Or maybe I'm just being horribly cynical.
Author:  pcernie [ Sat Sep 19, 2015 9:46 am ]
Post subject:  Re: UK may have to cut interest rates, warns Bank of England
davrosG5 wrote:
l3v1ck wrote:
Would the banks even pass that on to borrowers? Since the rapid interred rate drop at the start of the financial crisis, rates offered by banks haven't exactly mirrored the changes made by the BoE.


Savers yes, borrowers no. Or maybe I'm just being horribly cynical.


You're maybe not being cynical enough - a guy at Santander told me they were dropping the ISA rate even though he wasn't obliged. It's bad when even the staff are stunned at Santander!
Author:  hifidelity2 [ Sun Sep 20, 2015 7:51 am ]
Post subject:  Re: UK may have to cut interest rates, warns Bank of England
davrosG5 wrote:
l3v1ck wrote:
Would the banks even pass that on to borrowers? Since the rapid interred rate drop at the start of the financial crisis, rates offered by banks haven't exactly mirrored the changes made by the BoE.


Savers yes, borrowers no. Or maybe I'm just being horribly cynical.

except for my Mortgage as its linked to the base rate -----yippee!!
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