Rates up again

Zirax · 11-01-2007, 14:58

The base rate has gone upto 5.25%. Whereas the move to 5% was heavily published this one slid out the back door. Its good news for me as a saver as i'll be getting 5.75% on my ISA.

http://news.bbc.co.uk/1/hi/business/6251963.stm

People are already moaning saying it will slow house prices. Personally I can't see that happening until the rate gets to 6-7%, then it will start biting. I can't see this increase having much of an effect really.

11-01-2007, 14:58	#1
Zirax Goes up to 11! Join Date: Jul 2006 Posts: 4,577	Rates up again The base rate has gone upto 5.25%. Whereas the move to 5% was heavily published this one slid out the back door. Its good news for me as a saver as i'll be getting 5.75% on my ISA. http://news.bbc.co.uk/1/hi/business/6251963.stm People are already moaning saying it will slow house prices. Personally I can't see that happening until the rate gets to 6-7%, then it will start biting. I can't see this increase having much of an effect really.