willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
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Bank cuts interest rates to 2%
quote:
The Bank of England has cut interest rates by one percentage point, from 3% to 2% - the lowest level since 1951.
The move, which followed a dramatic cut in November, has been welcomed by many commentators who said the cut would help the slowing economy.
Hetal Mehta, of the Ernst & Young Item Club, said the cut was the "right medicine at the right time".
The CBI, said it was "critical" that banks now passed on the reduction to businesses and other customers.
http://news.bbc.co.uk/1/hi/business/7764741.stm
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Kyle T
Premium Member
Registered: 11th Sep 04
Location: Selby, North Yorkshire
User status: Offline
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Fixed Mortgage, don't care*
*i'm crying like a girl
Lotus Elise 111R
Impreza WRX STi
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Aaron
Member
Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
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I hope it stays around this sort of mark next September when i get a new mortgage (when my current fixed rate runs out  )
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Scotty_B
Member
Registered: 11th Jun 03
Location: East Kilbride
User status: Offline
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Happy days, my fixed rate ends in March and we're currently shopping around.
They banks better pass some of it on to us plebs. 
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stubbsy05
Member
Registered: 23rd Oct 02
User status: Offline
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quote:
Originally posted by Kyle T
Fixed Mortgage, don't care*
*i'm crying like a girl
Me too, but not that bothered as any decent mortgage at the mo requires a stupidly high booking fee that wipes out most of the saving you'd be making on interest.
My deal is up in Sept
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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quote:
Originally posted by CorSRi_BT
Happy days, my fixed rate ends in March and we're currently shopping around.
They banks better pass some of it on to us plebs.
HBOS have said they are going to pass it on in full.
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