Bank of England to report on rate today

Discussion in 'Continental Touring' started by Braunston, Feb 5, 2009.

?

The Bank of England should:-

Poll closed Feb 15, 2009.
  1. Put the Rate UP

    9 vote(s)
    60.0%
  2. Put the Rate DOWN

    1 vote(s)
    6.7%
  3. Leave the Rate AS IT IS

    5 vote(s)
    33.3%
  1. Braunston

    Braunston

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    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.
     
  2. American Dream

    American Dream

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    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?
     
  3. Braunston

    Braunston

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


     
  4. American Dream

    American Dream

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    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.... :Doh:
     
  5. robrobc

    robrobc

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    I think that most countries are.

    Maybe time to clear out under the mattress ::bigsmile:::bigsmile:

    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
     
  6. Braunston

    Braunston

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    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.



     
  7. Lindy-C

    Lindy-C Deleted User

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  8. Road Runner

    Road Runner

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    According to the radio house prices rose last month by just over 1%
     
  9. Pat4Neil

    Pat4Neil

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    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
     

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