Interest rates drop by 0.5%!! Now 1.5%...

Spit · 8 Jan 2009 at 12:02

They have slashed them again!!

Where to next I wonder...

HEADRAT · 8 Jan 2009 at 12:03

Chimerical · 8 Jan 2009 at 12:03

The Moon?

Or more percentage cuts?

Prophet · 8 Jan 2009 at 12:06

woot!

My mortgage will be at a nice 1.9% as of next month

Spit · 8 Jan 2009 at 12:10

Mine to

jas72 · 8 Jan 2009 at 12:24

what will this do to pound/euro exchange rate.

The pound was rallying against the euro recently.

Can't be good with this announcement.

gord · 8 Jan 2009 at 12:41

Bah.. not like I earn any interest on my savings anyway now. Signing up to an online broker today!

Duff-Man · 8 Jan 2009 at 12:43

jas72 said:
what will this do to pound/euro exchange rate.

The rate cut was widely expected, so will have already been factored into the pound-euro exchange rate. I expect only a small change.

Aod · 8 Jan 2009 at 12:48

will this reduce interest on my student loan?

moon man · 8 Jan 2009 at 12:49

my mortgage is 3.5% now so may go down more, should be £100 a month

but pay £650 looking to pay off <2.5yrs (bought in 2001 for 42k 3bed semi)