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Interest rates could fall further, says Bank economist 
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Legend

Joined: Sun Apr 26, 2009 12:30 pm
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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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Thu Mar 19, 2015 10:58 pm
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I haven't seen my friends in so long
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Joined: Fri Apr 24, 2009 1:03 pm
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well its good news for me and the mortgage if it does - what with having a tracker n all

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John_Vella wrote:
OK, so all we need to do is find a half African, half Chinese, half Asian, gay, one eyed, wheelchair bound dwarf with tourettes and a lisp, and a st st stutter and we could make the best panel show ever.


Fri Mar 20, 2015 8:28 am
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Officially Mrs saspro
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Joined: Wed Jan 06, 2010 7:55 pm
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Fall further? What? go negative?


Fri Mar 20, 2015 9:16 am
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I haven't seen my friends in so long
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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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John_Vella wrote:
OK, so all we need to do is find a half African, half Chinese, half Asian, gay, one eyed, wheelchair bound dwarf with tourettes and a lisp, and a st st stutter and we could make the best panel show ever.


Fri Mar 20, 2015 10:23 am
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What's a life?
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Joined: Thu Apr 23, 2009 7:26 pm
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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


Fri Mar 20, 2015 11:59 am
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Doesn't have much of a life
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Joined: Mon Apr 27, 2009 9:10 pm
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jonbwfc wrote:
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


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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Fri Mar 20, 2015 9:23 pm
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Legend

Joined: Sun Apr 26, 2009 12:30 pm
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Location: Belfast
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JohnSheridan wrote:
jonbwfc wrote:
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


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. ;)


Not me, I should point out :lol:

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Fri Mar 20, 2015 10:26 pm
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Well you can if you like ;)

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Fri Mar 20, 2015 11:39 pm
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