Good News........

[ToraToraTora]

https://www.bbc.co.uk/news/business-45043776

[fiction-factory]

http://www.proactiveinvestors.co.uk/companies/market_reports/202065/ftse-100-to-open-lower-as-traders-await-bank-of-england-rate-decision-202065.html. The stock market hasn't been over the moon as yet

[ToraToraTora]

I'm just thinking of the long suffering savers.

[douglas9401]

According to an expert interviewed on t'radio this afternoon, savers shouldn't get their hopes up, that's not how it works.

[anotheoldgit]

This is not good news for the young who are struggling to pay their mortgages now.

[Gromit]

It is rather insignificant. A 0.25% rise is no use to anyone. Savers are not going to make any money, and mortgage payers who are just about surviving will instantly be worse off.

10 years after the financial crash, and we are still suffering for their ineptitude.

[Zacs-Master]

Don't you work for a bank Torah? Your grasp of the impact on interest rate rises is slightly worrying.

[Bazile]

Where should one pitch interest rates to both keep savers and
borrowers , happy ?

[237SJ]

I doubt the banks will even pass on the rise to savers. They`ll probably be quite quick at raising the mortgage rates though

[Garaman]

Well I think it is good news - there needs to be some incentive for savers.

A surprising 9.0 vote in favour, which usually suggests more on the way.

[cassa333]

If a piffling 0.25% increase is enough to send you to the poor house Then.

I read somewhere that it amounts to about £16 a month on an average mortgage. If £16 is all it takes to scupper you then I don’t know what made you Stretch so far or in many cases fritter away any advantage you may have had.

[New Judge]

"Where should one pitch interest rates to both keep savers and
borrowers , happy ?"

My schoolboy economics taught e that interest rates should be pitched at about 1% above inflation (so about 3%-ish at present). This gives savers a small premium in real terms for lending the banks their money (rather than see its value diminished) and sees borrowers paying a small premium for borrowing (rather than see their debts reduced due to inflation). That's the theory and it worked quite well until somebody decided that the only way the country could escape from the problem of bad debt was to provide cheap money (and thus increasing, er... bad debt).

[DocHH]

Savers may see a rather slight increase in rates, Investors may not be as happy!