Interest rate cut

Author
Discussion

Halb

53,012 posts

182 months

Thursday 30th June 2016
quotequote all
Puggit said:
GBP didn't like it though:

Can an economic mind explain this, please?

V8A*ndy

3,695 posts

190 months

Thursday 30th June 2016
quotequote all
Esseesse said:
AJL308 said:
Is this good or bad?
It's an indication that they think the economy is weak.
Is this rate cut a measure to compensate for the possible hit to funding for lending?

Banks no longer get cheap cash but low rates stops lending going up?





sidicks

25,218 posts

220 months

Thursday 30th June 2016
quotequote all
Halb said:
Puggit said:
GBP didn't like it though:

Can an economic mind explain this, please?
Interest rate cuts that were priced into the yield curve (with a high probability), now confirmed as a certainty?!

anonymous-user

53 months

Thursday 30th June 2016
quotequote all
bp1 said:
Lifetime at base rate + 0.39% smile
Lifetime Base rate + .59 here. I really should pay it off but no point!

anonymous-user

53 months

Thursday 30th June 2016
quotequote all
That's funny I thought Cameron said all our mortgage rates would go up? Shocker!


Chris Stott

13,183 posts

196 months

Thursday 30th June 2016
quotequote all
Mortgage rates might be low, but prices will have to go up if Sterling stays this low.

StottyEvo

6,860 posts

162 months

Thursday 30th June 2016
quotequote all
Pound falls on hint of Bank stimulus
The pound falls as Bank of England governor Mark Carney says it is likely "some monetary policy easing" will be required in response to the Brexit vote.

Self fulfilling prophecy?

David A

3,602 posts

250 months

Thursday 30th June 2016
quotequote all
Jimboka said:
Lifetime Base rate + .59 here. I really should pay it off but no point!
Barclays / woolwich? Me too smile

turbobloke

Original Poster:

103,742 posts

259 months

Thursday 30th June 2016
quotequote all
Jockman said:
Unbelievable.

You quoted the guardian biggrin
Puggit said:
It's the end of the World if turbobloke is quoting the Guardian!
Ahem! Would the rough boys please calm down in the back row wink

As it happens I quote the red rag quite frequently.

turbobloke

Original Poster:

103,742 posts

259 months

Thursday 30th June 2016
quotequote all
fblm said:
That's funny I thought Cameron said all our mortgage rates would go up? Shocker!
http://www.mirror.co.uk/news/uk-news/david-cameron-says-brexit-could-8117410

The Pinocchio Effect.

Osborne caught a dose from his boss.

crankedup

25,764 posts

242 months

Thursday 30th June 2016
quotequote all
Puggit said:
AJL308 said:
Is this good or bad?
It's the end of the World if turbobloke is quoting the Guardian!
Never thought I would see the day hehe

bp1

796 posts

207 months

Thursday 30th June 2016
quotequote all
Jockman said:
bp1 said:
Lifetime at base rate + 0.39% smile
Git wink
Why thank you biggrin

Looking at moving soon and would like to transfer it but we need to increase the total amount borrowed, so just don't see them agreeing to that unfortunately.

mike9009

6,917 posts

242 months

Thursday 30th June 2016
quotequote all
bp1 said:
Lifetime at base rate + 0.39% smile
Lifetime at base plus 0.25% smile I may have to see what a negative rate means to me....

Road2Ruin

5,167 posts

215 months

Thursday 30th June 2016
quotequote all
bp1 said:
Lifetime at base rate + 0.39% smile
Base × .25 for me...for lifetimeof mortgage;)

mike9009

6,917 posts

242 months

Thursday 30th June 2016
quotequote all
Road2Ruin said:
Base × .25 for me...for lifetimeof mortgage;)
Nationwide?

nammynake

2,587 posts

172 months

Thursday 30th June 2016
quotequote all
Base rate + 0%, although we pay BIK on that.

sidicks

25,218 posts

220 months

Thursday 30th June 2016
quotequote all
Road2Ruin said:
Base × .25 for me...for lifetimeof mortgage;)
+0.25% or x 0.25% ?

Trabi601

4,865 posts

94 months

Thursday 30th June 2016
quotequote all
This is a disaster. No mortgage, money in the bank. I often wonder if I should just blow it all on cars and holidays. Seems to be the modern way.

don'tbesilly

13,900 posts

162 months

Thursday 30th June 2016
quotequote all
Trabi601 said:
This is a disaster. No mortgage, money in the bank. I often wonder if I should just blow it all on cars and holidays. Seems to be the modern way.
You forgot hookers wink

Speed 3

4,485 posts

118 months

Thursday 30th June 2016
quotequote all
mike9009 said:
bp1 said:
Lifetime at base rate + 0.39% smile
Lifetime at base plus 0.25% smile I may have to see what a negative rate means to me....
Lifetime at base plus 0.19% (interest only) wink

I remember thinking at the time should probably fix but what the hell, think this Blairite economic model more likely to go down than up. They even honoured porting it 9 years ago when we moved. My problem is I was going to pay it off last week as the altenate self investing had done very nicely and I'm deliberatey unemployed. Didn't think we'd have the result we did and would bank a bit more upside. Not able to do that now, thanks to EZJ.L in particular. Hey-ho, life goes on.