Bank of England to report on rate today

[Braunston]

Hi,

Its that time again when the Bank of England sets the interest rate, what do you think it should do.

Up - Down - Leave it as it is

I personally think it should be left as it is or raised, as the lowering of it doesn't appear to be making any positive effect, other than having a disastrous effect on savings.

 

[American Dream]

Hi,

Its that time again when the Bank of England sets the interest rate, what do you think it should do.

Up - Down - Leave it as it is

I personally think it should be left as it is or raised, as the lowering of it doesn't appear to be making any positive effect, other than having a disastrous effect on savings.

Looks like a governmental "knee-jerk" reaction to the current economic climate, hoping to boost consumer confidence and spending, which, as you say, does not seem to be working.

Have you transferred any savings elsewhere as a result?

 

[Braunston]

Hi, I am still looking for somewhere else, have you any good suggestions?

Looks like a governmental "knee-jerk" reaction to the current economic climate, hoping to boost consumer confidence and spending, which, as you say, does not seem to be working.

Have you transferred any savings elsewhere as a result?

 

[American Dream]

I wish.....Seems like most countries are floundering at the moment....

Is it just me, but It all seems to have occurred the same time as oil costs hit record highs.

What came first?Is one a direct result of the other.I see Fuel prices are creeping up again.... oh:

 

[robrobc]

I think that most countries are.

Maybe time to clear out under the mattress

Seriously though, the savings returns are hitting our most vulnerable citizens hard........PENSIONERS.

Dropping rates any further will just make life harder for them with no discernable benefit for any other people

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[Braunston]

Hi,

I think it was probably the straw that broke the camel's back, so to speak, and there must be some truth in it as Barclays Bank went to the middle east to secure its additional funding so they appear to have an excess of money there.

I wish.....Seems like most countries are floundering at the moment....

Is it just me, but It all seems to have occurred the same time as oil costs hit record highs.

What came first?Is one a direct result of the other.I see Fuel prices are creeping up again.... oh:

 

[Lindy-C]

BBC NEWS | Business | UK reduces interest rates to 1%

 

[Road Runner]

According to the radio house prices rose last month by just over 1%

 

[Pat4Neil]

Both of my credit card companies have put up my interest rates on a fixed rate balance transfers. Stating that in the present economic climate it is costing them more money to borrow it.

I think they have just got the excuse they need to start putting the squeeze on to those that they have lured in with low interest rates.

Pat