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paulbrand.bsky.social
•
47 days ago
NEW: The Bank of England has cut the base interest rate from 4.5% to 4.25% in a boost for mortgage holders.
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andypday.bsky.social
•
47 days ago
And, presumably, for businesses that require bank loans to ease cash flow peaks and troughs - incl. farmers?
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charlessurface.bsky.social
•
47 days ago
Indeed - most commercial £ RCF lending will reference base. Bigger companies on SONIA products, but that generally floats in sync!
So yes, where not on a fixed product, all types of borrowers benefit.
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andypday.bsky.social
•
47 days ago
Thank you
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hughwilliamson.bsky.social
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47 days ago
Or, as the rest of media will have it, "After the stock-market crash, more misery for hard-working savers as Bank of England slashes interest rates".
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niklg.bsky.social
•
47 days ago
If that had happened under the Tories its all we would hear about on the news for a month and the PM would be paraded around in an open top bus....
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lucyfayre.bsky.social
•
47 days ago
Waiting for Reform to bitch about the reduction in interest payments on pensioners savings.
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So yes, where not on a fixed product, all types of borrowers benefit.