Friday, December 7, 2007
A cut with no im-pact (2)
"Egg will cut its SVR from 6.94 per cent to 6.79 per cent from January 1. A borrower with a £150,000 interest-only mortgage pegged at the lender's SVR will save £18.75 on their monthly repayments following the rate cut." C'mon this is hardly news!! I post more comments on why the BoE has lost control in the comments.