Bank Cuts Interest Rates To 5.25%

Smithy

The Bank of England's rate-setting committee has cut interest rates to 5.25% from 5.5% in an attempt to stimulate growth in the UK economy.
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duinegaidheltachd · Posted: Thu Feb 07, 2008 12:51 pm Post subject:

bloody northern rock first it collapses because of a glitch in the US openmarket now its causing trouble in the economy here. a drop in interest rates sounds good but shares in the the banks will follow and then what will happen to mortage rates. the whole bloody stock market will be in a spin now. and where does this leave premium bonds and money lenders?
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Duinegaidheltachd has not been in the co,op for 6 years 2 months and -17 days-

imac93 · Posted: Thu Feb 07, 2008 6:51 pm Post subject:

i did think it would be funny if the rest of the world demanded back the 500 trillion the USA owes it but i guess if the US went into recession, the rest of the world would, too. Sad

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