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MessagePosté le: Lun 10 Sep - 11:58 (2018)    Sujet du message: Andrew Triggs Athletics Jersey Répondre en citant

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Yesterdays announcement by the Bank of England delivered an unexpected statement that they were cutting their base rate by 1?% from 4.5% to 3%. It has been done to kick start our stalling economy and to try and prevent a deepening recession. Everyone was expecting a ?%; but Catfish Hunter Athletics Jersey , we all hoped for a full 1% interest rate cut, so this announcement was a real surprise. This interest rate cut is the largest ever percentage cut in British history; the lowest interest rate cut in 53 years and the last time we saw a full 1% interest rate cut was back in 1981.

So the question we should all be asking now is. ?What does the Bank of England know that needed such drastic action?? They are normally such a cautious institute that has a history of ?% cuts and increases. We know that millions of families are struggling, unemployment is rising and will soon reach 2 million, the manufacturing industry is on its knees with the lowest sales Andrew Triggs Athletics Jersey , companies are implementing a three day week and Christmas spending is looking like a wash out. I believe they saw an economy on its knees and close to slipping into a deep recession.

The drop in interest rates were to stimulate our economy and yes it may do that; if the banks pass the interest rate cuts on in their entirety to the mortgage borrowers. A 1?% interest rate cut to a homeowner with a ?100,000 mortgage would reduce their mortgage payment by ?125 per month. Unfortunately this will only help borrowers on a standard variable rate, tracker or discount rate mortgage that is linked to the Bank of England base rate. It will not help anyone with a fixed rate mortgage. It is hoped that this interest rate cut will encourage us to start spending in the shops and that should get the economy moving again.

The banks need their interbank lending rate known as the Libor rate to reduce so that banks can start to borrow money from each other. The libor rate is still far too high. The banks need to reduce their libor rates so they can start offering better remortgage deals. There are millions of homeowners who are desperate to remortgage to a better rate. Homeowners looking for a new remortgage product should watch out for banks offering mortgages products with large arrangement fees. It might be better to consider a mortgage product with a higher interest rate and a lower arrangement fee; than a lower interest rate with a higher arrangement fee. Consider using a mortgage broker to find the best remortgage product to suit your circumstances that saves you real money. Latest news is that the Libor rate has just fallen by over 1% to 4.49% on the back o. Cheap Jerseys   Cheap Wholesale Jerseys   Cheap Wholesale Jerseys   Cheap Wholesale Jerseys   Cheap NFL Jerseys From China   Cheap NFL Football Jerseys   Cheap NFL Jerseys Online   Wholesale Jerseys China   Wholesale NFL Jerseys   Wholesale NFL Jerseys 

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