Base rate cut by 1.5%

  • Thread starter Stationery Direct
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Stationery Direct

Stationery Direct

Administrator
Staff member
#1
The Bank of England base rate has been slashed by 1.5% to 3% today.

Is this a good thing? What are your thoughts??
 
neildigital

neildigital

Member
#3
Depends if our banks past that on, as far as i am aware my building society never gave a cut in their rate from the last 0.5% last month.

If they dont, thats 2% drop in the bank of Englands, but nothing in Coventry BS.....

Neil
 
Stationery Direct

Stationery Direct

Administrator
Staff member
#4
Bet they make sure it is applied to the savings rates on offer!, luckily I invested some money today for the next 12 months at a really good rate.

Only 2 weeks ago my sister applied for a mortgage fixed at 5.79%, she's wishing she held on now :icon_Wall:

It's definitely a tricky time at the moment.
 
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