Bank of England cuts interest rate

Cosimo · 8 Oct 2008 at 12:05

4.5% from 5.0%

http://news.bbc.co.uk/1/hi/business/7658958.stm

Cosimo · 8 Oct 2008 at 12:11

More stability to the markets, help loans, help interbank lending.

Cosimo · 10 Oct 2008 at 13:06

scorza said:
Re-invoke the spirit of Alfred the Great. We've beaten the Vikings before - they can take our savings, but they'll never take our FREEEDOOMMMM!!!

I think that this time around they have beaten themselves.

Cosimo · 15 Oct 2008 at 10:51

Sneaky Peaky said:
So what's the common concencus of where interest rates will go over the next 2 years ? Need to change my mortgage and wondering whether to go for a fixed rate deal..

They are expected to fall by 0.25% next month, some economists predict a fall of 2% by the end of the year. I have seen predictions of a 3% fall for 2009.

Your guess is as good as mine!