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-   -   UK Interets Rate has risen to 0.75% from 0.5% (2/8/18) (https://www.thisisbigbrother.com/forums/showthread.php?t=344198)

arista 02-08-2018 11:02 AM
UK Interets Rate has risen to 0.75% from 0.5% (2/8/18)
 
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-e...-2009-11457300


Some mortgages on variable may go up each month

AnnieK 02-08-2018 12:25 PM
Inevitable

arista 02-08-2018 12:29 PM
Quote:
Originally Posted by AnnieK (Post 10121394)
Inevitable

Not good
so close to the Brexit date

Cherie 02-08-2018 12:31 PM
Most people will be on fixed rate mortgages and savers wont see any difference so...

reece(: 02-08-2018 12:32 PM
Thankyou again brexiteers :flowers:

Cherie 02-08-2018 12:38 PM
Quote:
Originally Posted by reece(: (Post 10121405)
Thankyou again brexiteers :flowers:
You can blame Brexit for many things but rate rises no...

AnnieK 02-08-2018 01:00 PM
Quote:
Originally Posted by Cherie (Post 10121404)
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 02-08-2018 01:51 PM
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 02-08-2018 02:03 PM
it reflects an economy doing well, so i don't see the problem

arista 02-08-2018 04:23 PM
Quote:
Originally Posted by bitontheslide (Post 10121505)
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 02-08-2018 04:26 PM
Quote:
Originally Posted by smudgie (Post 10121484)
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


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