Sunday, November 30, 2008

Mr Smith I presume.

Bank of England weighs rate cut to 2%

THE Bank of England and the European Central Bank are set to cut interest rates significantly this week as Britain and Europe dive deeper into recession. The Bank, which has cut its rates by two percentage points in the past two months alone, surprising the markets with a 1.5-point cut earlier this month, is urged by economists to cut by a further point this week.

Posted by cheekie charlie @ 10:45 AM (928 views)
Please complete the required fields.



2 thoughts on “Mr Smith I presume.

  • Oh dear.

    Mortgage lenders won’t pass it on – they’ve said as much.
    In addition, banks desperately need capital so they probably won’t cut their savings rates by much. If they do, people will pile into gold.

    Reply
    Please complete the required fields.



  • Thanks again everybody involved, for destroying all our savings and our currency. The decent are being sacrificed to bail out the the thugs…

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>