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0.5% Interest Rate Cut

Discussion in 'General Discussion' started by binni, Oct 8, 2008.

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  1. binni

    binni www.cleer.me

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    0.5% Interest Rate Cut

    Effect many of you ?

    saves us £50 a month here
    binni, Oct 8, 2008
    #1
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  3. Congay

    Congay Registered User

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    keeerching
    Congay, Oct 8, 2008
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  4. B.O.B.

    B.O.B. Registered User

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    Unless you've got a mortgage that tracks the Bank of England base rate, it won't affect many people straight away. Most banks are more interested in the LIBOR rate.
    B.O.B., Oct 8, 2008
    #3
  5. ManofScience

    ManofScience Guest

    no effect for me - fixed rate - lets hope it's still low in a while.

    still, quite a jump!
    ManofScience, Oct 8, 2008
    #4
  6. binni

    binni www.cleer.me

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    :up:
    binni, Oct 8, 2008
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  7. BRID

    BRID Has name in red. Staff

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    .... wont matter a jot unless the change is passed on to the average joe.

    I doubt they will see that much of a change - seems more like its designed to help the banks than it is the public.
    BRID, Oct 8, 2008
    #6
  8. Phil Mitchell

    Phil Mitchell check me a dollar brer?

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    Doesnt this affect the interest rate on student loans?
    Phil Mitchell, Oct 8, 2008
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  9. Allie

    Allie Registered User

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    i certainly hope not! i'm moving to canada for 10 years so they abolish it...
    Allie, Oct 8, 2008
    #8
  10. Phil Mitchell

    Phil Mitchell check me a dollar brer?

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    Its based on the RPI not BOE interest rate although the RPI is 0.4% higher than it was last October. :rolleyes:
    Phil Mitchell, Oct 8, 2008
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  11. Allie

    Allie Registered User

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    thanks captain finance.
    Allie, Oct 8, 2008
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  12. MR KUHNT

    MR KUHNT fifi man

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    MR KUHNT, Oct 8, 2008
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