Ducati Sporting Club UK > General > Idle Chat > boe rate cut..............

[dickieducati]

12:00 *BANK OF ENGLAND CUTS BENCHMARK RATE 1/4 POINT TO 4.5%


more money for bling.

[antonye]

Marketing have been going mad this morning, waiting to send out press releases. Shame it wasn't a 1/2, but every little helps.

[chicken]

posted at 11:57 Dickie? Are you sure you are not trading on insider information?

To get the most advantage of the cut you have to have a whopping mortgage. Put another way, I'm marginally less poor than I was an hour ago.:P

[domski]

...and I'm poorer!!

(just spent £9 on a tyre gauge)

If only I could afford a house

[YMFB]

Im sure that the building societies have already decided to reduce their existing customers motgage rates in about two months time, by which time with any luck BOE will have already started thinking about cutting another 1/4% . It needs to come down stacks more so I can reduce my collection of credit card debt and start investing in Carbon fibre and termis

[rcgbob44]

We need the BOR to go up....................way up!

[Gizmo]

Originally posted by YMFB
. It needs to come down stacks more so I can reduce my collection of credit card debt and start investing in Carbon fibre and termis

But then the pound drops against £ , €, Tawian Dollar so the parts you want cost more, carbon and titanium tradings a tricky market

[antonye]

Originally posted by YMFB
Im sure that the building societies have already decided to reduce their existing customers motgage rates in about two months time, by which time with any luck BOE will have already started thinking about cutting another 1/4% .

You need a decent mortgage - mine dropped at midnight last night to reflect the new rate change

[YMFB]

dont you hate that ! that is some smug whatsit already cashing in on the bank of englands generosity. Im off to find a new mortgage lets hope its as easy as getting my bike insured at Ducati Insurance - do they do mortgages