UK Interets Rate has risen to 0.75% from 0.5% (2/8/18)

[arista]

A slight rise


[The Bank of England has raised interest rates to 0.75%,
their highest level in almost a decade.]

https://news.sky.com/story/bank-of-england-raises-interest-rates-to-075-highest-level-since-2009-11457300


Some mortgages on variable may go up each month

[AnnieK]

Inevitable

[arista]

Inevitable


Not good
so close to the Brexit date

[Cherie]

Most people will be on fixed rate mortgages and savers wont see any difference so...

[reece(:]

Thankyou again brexiteers :flowers:

[Cherie]

Thankyou again brexiteers :flowers:

You can blame Brexit for many things but rate rises no...

[AnnieK]

Most people will be on fixed rate mortgages and savers wont see any difference so...

Plus unless you have a massive mortgage the increase will be negligible for most.

[smudgie]

The rate has been far too low for far too long.......for savers who depend on the interest to help support them, like retired people.

[bots]

it reflects an economy doing well, so i don't see the problem

[arista]

it reflects an economy doing well, so i don't see the problem

The Governor said if a Problem at Brexit time, appears
he may lower them again.

But another small rise may be around Nov.


Ref: Ch5HD news interview.

[arista]

The rate has been far too low for far too long.......for savers who depend on the interest to help support them, like retired people.


Yes around 10 years