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speckythecky
6th July 2007, 12:52 AM
As expected today the Bank of England has increased its base rate by 0.25% to 5.75%.
European Central bank are also meeting today but no announcement as yet.

Reserve Bank of New Zealand next meeting is 26-Jul-07 with US Fed Reserve 2 days later

DMcG
6th July 2007, 08:58 AM
Ouch.
That means my mortgage goes up AGAIN :wah
Still, as long as the savings rate in NZ is greater than the mortgage rate in the UK, and the value of my flat rises faster than the UK mortgage rate, I should be ok :uhoh

Dougie

Nathan
6th July 2007, 10:04 AM
And that means my US$ will be worth even less!! :uhoh
I was just going to spend it anyway!! Now it will be easier.:o

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