interest rate cut
Posted:
Thu Jan 08, 2024 2:51 pmby Madaboutmortgages
Anyone know if the banks are going to pass the latest interest cut on to us?
It seems that nothing that the goverment is doing is of any benefit
Re: interest rate cut
Posted:
Mon Jan 12, 2024 1:17 pmby Broker Boy
"Anyone know if the banks are going to pass the latest interest cut on to us?
It seems that nothing that the goverment is doing is of any benefit"
It seems that, for the moment, banks are finding it hard to pass on the full rate sucts to their clients.
The government is putting pressure on them and, whilst it may take a couple of months, they are likely to pass the majority over.
We are in a recession ( some even say a depression) and we need time for the crisis to start to recover.
Sit tight and don't panic.
Cheers,
BB