Lokki 7
WSU
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Interest Rates Today
- Thread starter Uncle Spielberg
- Start date
Not anymore you don't.
Uncle Spielberg
Well-known member
- Thread starter
- #22
Whats the news Lokki ?.
Lokki 7
WSU
By Jennifer Ryan
Dec. 4 (Bloomberg) -- The Bank of England cut the benchmark
interest rate to the lowest level since 1951 as lenders rationed
credit, pushing the U.K. economy deeper into a recession.
The Monetary Policy Committee, led by Governor Mervyn King,
reduced the bank rate by 1 percentage point to 2 percent, the
central bank said in London today. The move matched the median
forecast of 61 economists in a Bloomberg News survey. Sweden’s
central bank also cut its rate today by the most since 1992.
King discussed the possibility of lowering the interest rate
to zero for the first time on Nov. 25 and said the biggest
challenge he faces is renewing the flow of credit in the economy.
Service industries, manufacturing and construction shrank at the
fastest pace on record last month and house prices dropped 2.6
percent, the most since 1992.
Rusthall Seagull
New member
do you actually do any work up there in the city, or just spend all your time waiting for rate decisions? Sounds an easy job to me....
Lokki 7
WSU
do you actually do any work up there in the city, or just spend all your time waiting for rate decisions? Sounds an easy job to me....
Without people like me, the economy would not be what it is today. Remember that.
Uncle Spielberg
Well-known member
- Thread starter
- #26
Fair play 1% it is.
Lokki 7
WSU
It was the widely touted, and priced in expectation.
Uncle Spielberg
Well-known member
- Thread starter
- #28
Finger on the pulse as always Lokki 
Uncle Spielberg
Well-known member
- Thread starter
- #29
C&G SVR now 4%, other likely to follow suit.
aftershavedave
Well-known member
Finger on the pulse as always Lokki
do excuse me for butting in on this locki-wankathon but it was yours truly (now a fiver better off) who called the 1% unc!
Man of Harveys
Well-known member
I always said it would be 1%. I just didn't want to post about it.
Lokki 7
WSU
Yes, well done Afters for reading a newspaper. Credit where credit is due.
Barnet Seagull
Luxury Player
I'm a little surprised it's gone to 2% so early but expect it may even drop as low as 1%. Either way, well chuffed with my 0.5% above offset 
Rusthall Seagull
New member
I have to agree - it certainly wouldn't
aftershavedave
Well-known member
actually it was even easier than that. i simply read the bloomberg survey.
child's play really.
Rusthall Seagull
New member
you mean that you can actually still read at your age ? wow, every day is a suprise on NSC
Uncle Spielberg
Well-known member
- Thread starter
- #37
Halifax announced they will only pass on 0.25% of the 1% cut to its variable rate down from 5% to 4.75%.
vegster
Sanity Clause
- May 5, 2008
- 28,273
Finger on the pulse as always Lokki
YouTube - He's dead, Jim!
"And, worse than that his brain is gone" !
Halifax pass on the full 1% cut to it's Tracker customers.
BBC NEWS | Business | Halifax pledge on tracker deals
BBC NEWS | Business | Halifax pledge on tracker deals
Beach Hut
Brighton Bhuna Boy
Well my mortgage has decreased by £100 over the last to rate cuts, hopefully I'll get another saving letter soon.