BOE drop rates 1.5%

[tricky69]

wow !!!!

[pjac67]

Unbeleivable!!!!!!

[anonymous-user]

jesus!! I thought this was a joke!!

[tonyvid]

Struth!

[Legend83]

Farkin 'ell!

[scotal]

fking helll.....

[LHDisbest]

Excellent news!

[smack]

There goes the pound then...

[Matt_N]

No wonder Lloyds were keen to pull they're BoE tracker deals!

[Fittster]

We're all freaking doomed!

[Hub]

pah... I'm on a fixed rate mortgage and my savings rates will go down

[Teppic]

Great. The pound is going to go through the floor and inflation is going to go through the roof!

[richardxjr]

Needed to be done.

Can only help business that.

And a good few people will save on their tracker mortgages too.

We were so out of line on % with the rest of the world it just had to be done.

[Puff Puff]

Deep joy!!!!!

[Davi]

well that's not a panic response then

[beano500]

Bit of a shocker!

No detailed reasoning given, but the background spelt out in the PR:

http://www.bankofengland.co.uk/publications/news/2...

[Republik]

Big kick up the arse.

[ad551]

Here is a stupid question: does this mean interest rates are now lower than inflation? And does that mean money in saving accounts is actually depreciating in real terms?

[sleep envy]

Republik said:

Big kick up the arse.

more like a kick in the balls

not good

[BoRED S2upid]

Following America?. Aren't they down to like 1% or something stupid?. Why don't we just start calling outselves America as well?.