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Interest rate drops - how does it effect you?

Written by Matt B First published 06/11

With UK Interest rates dropping by 1.5 to 3% and EU rates dropping slightly to 3.25% (See BBC for more on UK drop and EU drop) what do you think this says about the state of play?

How will this effect you?

Matt is passionate about efficient living, technology and blogging. He spends a lot of his time looking to change the things that make us less healthy be that lifestyle, diet or thought patterns. Matt also blogs at Thanet Star, Green Moral and The fantastic site of Lord Matt. You can also catch up with him on twitter on @lordmatt. · You can find out more at http://lordmatt.co.uk .

Comments

KateB wrote:

It's a bit like the curates eggs - good in parts. On one hand, it will be good news for anyone with a mortgage, or a large loan; on the other, it's bad news for anyone with savings. It could have a positive effect on the economy though, because, if mortgage payments go down, people will have a bit more money to spend. That is assuming they don't end up putting it towards the gas and electricity bills, I haven't noticed any sign of them going down.

06/11 07:52:50 PM

Matt B wrote:

They seem to be going up and up those utility bills.

06/11 08:54:00 PM

Matt B wrote:

Many people are reporting that the next effect is nothing at all. A bit less here a bit more there and the end result is a large case of same old, same old... interesting.

15/11 08:27:11 PM

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