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UK may have to cut interest rates, warns Bank of England

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UK may have to cut interest rates, warns Bank of England

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pcernie

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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...

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Sat Sep 19, 2015 12:45 am

l3v1ck

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Joined: Fri Apr 24, 2009 10:21 am
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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.

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	pcernie wrote: 'I'm going to snort this off your arse - for the benefit of government statistics, of course.'

Sat Sep 19, 2015 6:46 am

davrosG5

I haven't seen my friends in so long

Joined: Fri Apr 24, 2009 6:37 am
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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.

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Sat Sep 19, 2015 8:02 am

pcernie

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Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast

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!

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Sat Sep 19, 2015 9:46 am

hifidelity2

I haven't seen my friends in so long

Joined: Fri Apr 24, 2009 1:03 pm
Posts: 5041
Location: London

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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Sun Sep 20, 2015 7:51 am

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