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Uk Interest Rates To Drop Further Or Even Be "scrapped"

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Interest rates scrapped? Is the BoE going to adopt Islamic finance? It they did, it would be for interbank loans and not personal and business customers I suspect.

Express article mentions rate reduction to 0.25%. Presumably intended to increase iPad sales but going on past trends, we'll probably see mainly debt repayment.

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The Nationwide figure showing the drop in house prices today - will that statistic find a prominent position on the front page or prominently inside the newspaper? If by some miracle it does, it's going to alert readers to the accidentally comic nature of the Express on increasing occasion, and the rest is obvious

Edited by inflating

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Why not just pay people to borrow money with negative interest rates? If so can I have my couple of million? There is something shiny and yellow I quite fancy. Also can I have a 'no lose guarantee' like the banksters get so if my speculative punt doesn't pan out I lose nothing? Just asking is all :)

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Why would interest rates have any effect on homeowners?

Quite.....it won't stop the value of their property falling......everything is going down (the pan). :P

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They won't drop rates to 0.25% there's no point. If they do anything it will be printing.

I'm claiming first prediction of this on one of the previous IR threads.

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I am glad intrest rates will stay low. Not from any personal reason its just best for the economy and the recovery. Those that have savings should really start to spend them. Thats what we need to happen. The more people spend the more likely we will come out of recession. No need to sit on savings that are providing little intrest, spend all you can now. If you think you need a new central heating boiler soon. Buy it now. Getting fed up of your present car? (most are rubbish anyhow these days) get a better one. Buy someone a present. Go on that holiday you need (preferably in the UK) buy a new TV. change your carpets.

Its got to be done sooon. Do some decorating now and buy a new sofa etc etc. Dont put it off spend now.

So instead of sitting back moaning about low intrest rates. Get out to the shops. You will do us all a favour.

You only live once..

I can't tell if that comment is a joke or not?

But First time buyers need to save new record high deposits to get on the market.

Yet we're being encouraged to spend it all instead of saving by low interest rates.

Confuzzled....

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So Mr Bendy you want to borrow £200k over 25 years you do realise that the monthly repayments on that will be (taps calculator), £666 a month. :P

i'm all for scrapping interest rates entirely. B)

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i'm all for scrapping interest rates entirely. B)

Why not just scrap money altogether, ala. Star Trek.

Let's work to "better ourselves and the rest of humanity". :D

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  • 331 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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