Interest rate cut

[Halb]

Puggit said:

GBP didn't like it though:

Can an economic mind explain this, please?

[V8A*ndy]

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]

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]

bp1 said:

Lifetime at base rate + 0.39%

Lifetime Base rate + .59 here. I really should pay it off but no point!

[anonymous-user]

That's funny I thought Cameron said all our mortgage rates would go up? Shocker!

[Chris Stott]

Mortgage rates might be low, but prices will have to go up if Sterling stays this low.

[StottyEvo]

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]

Jimboka said:

Lifetime Base rate + .59 here. I really should pay it off but no point!

Barclays / woolwich? Me too

[turbobloke]

Jockman said:

Unbelievable.

You quoted the guardian

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

As it happens I quote the red rag quite frequently.

[turbobloke]

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]

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

[bp1]

Jockman said:

bp1 said:

Lifetime at base rate + 0.39%

Git

Why thank you

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]

bp1 said:

Lifetime at base rate + 0.39%

Lifetime at base plus 0.25% I may have to see what a negative rate means to me....

[Road2Ruin]

bp1 said:

Lifetime at base rate + 0.39%

Base × .25 for me...for lifetimeof mortgage;)

[mike9009]

Road2Ruin said:

Base × .25 for me...for lifetimeof mortgage;)

Nationwide?

[nammynake]

Base rate + 0%, although we pay BIK on that.

[sidicks]

Road2Ruin said:

Base × .25 for me...for lifetimeof mortgage;)

+0.25% or x 0.25% ?

[Trabi601]

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]

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

[Speed 3]

mike9009 said:

bp1 said:

Lifetime at base rate + 0.39%

Lifetime at base plus 0.25% I may have to see what a negative rate means to me....

Lifetime at base plus 0.19% (interest only)

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.