us fed drops rate by 50 points

[chrisboy]

What are the chances of europe following suit? Does anyone have any opinion of what rate we could be headin for in say 6 months? Just interested in how it'll affect the my mortgage..

 

[Joody1]

I expect UK and others will drop 50 points as I think they will have to due to recession looming.

 

[VOR]

..ask the experts...
Deutsche say rates could go as low as 1.5% by mid 2009. Lloyds TSB have said 3%. Morgan Stanley also 3%.

http://www.bloomberg.com/apps/news?pid=20601100&sid=aZYV7N.kHx2g&refer=germany

If the ECB can prioritise the looming recession and stop worrying about inflation only they will cut rates next Thursday. By how much is another question.

 

[Guest116]

..ask the experts...
Deutsche say rates could go as low as 1.5% by mid 2009. Lloyds TSB have said 3%. Morgan Stanley also 3%.

http://www.bloomberg.com/apps/news?pid=20601100&sid=aZYV7N.kHx2g&refer=germany

If the ECB can prioritise the looming recession and stop worrying about inflation only they will cut rates next Thursday. By how much is another question.

I would bet a .5% drop next Thursday.

 

[VOR]

I wouldn't bet against it. Don't have the moola anyway after the crunch!!!
I expect (and hope for) 3% by Jan 09. 0.5% in Nov and 0.25% in Dec would do nicely.

 

[joejoe]

I would bet a .5% drop next Thursday.

You where right, any more predictions?

Joejoe

 

[Dave Vanian]

You where right, any more predictions?

Joejoe

You will meet a tall handsome stranger and have four kids.