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Bank of England set to cut interest rates to record low
Posted: 08 Jan 2009, 08:57
by Aurora
The Telegraph - 08/01/09
The Bank of England is set to cut interest rates to a record low amid concerns that previous cuts have not helped to revive the economy.
Article continues ...
It seems that we've now reached the point where savers are being asked to pay for the party that so many irresponsible people have enjoyed over the past 10 to 15 years.
Re: Bank of England set to cut interest rates to record low
Posted: 08 Jan 2009, 11:22
by RenewableCandy
Aurora wrote:The Telegraph - 08/01/09
The Bank of England is set to cut interest rates to a record low amid concerns that previous cuts have not helped to revive the economy.
Article continues ...
It seems that we've now reached the point where savers are being asked to pay for the party that so many irresponsible people have enjoyed over the past 10 to 15 years.
If I had savings now I would buy house/land/useful stuff.
Metro this morning had various people warning that the present very low prices of
stuff (some of which is actually useful, e.g. bicycles) will start to shoot up soon. And that Blacks/Millets might go to the wall.
Posted: 08 Jan 2009, 12:43
by RenewableCandy
It's 1.5%! A new record low.
Posted: 08 Jan 2009, 12:47
by JohnB
BBC Graph
Posted: 08 Jan 2009, 12:47
by chrisc
Posted: 08 Jan 2009, 13:05
by PS_RalphW
Didn't impress the market. FTSE 100 down on the news.
