UK Interest rates

[jwood]

Just fallen to 2% !

[banker]

Invest your money in Turkey then

[tribalelder]

Until  ?  

[jwood]

I have, we own a property !

[stoop]

quote:Originally posted by banker

Invest your money in Turkey then

Problem is with the £ falling against the YTL it might not be the best time to convert Stirling into Lira. However I was told by a very good friend of mine (who is a broker and deals with lots of people 'in the know') that the Pound will fall even further next year.

I suppose you pays yer money and takes yer chance. Oh for a crystal ball (well two would be nice )

[tinkerman]

With an interest rate at 21.5% today, you would soon retrieve that loss

[ECHOSTAR]

Obviously your with the wrong bank Tinks should be 22.75% on 35 day thats on a 200K YTL deposit

[tinkerman]

Not my bank account Echo, it was a friends. Ill find out mine later in the month

[Diverbaz 1]

 

quote:Until ?

Until it looks like it's going below 2% here and the rate elsewhere is rising.

Baz

[stoop]

quote:Originally posted by tinkerman

With an interest rate at 21.5% today, you would soon retrieve that loss

The 'loss' is hard to quantify as we do not know which way the exchange rate will go or how much people have to invest. You also need to be aware that if you want to change it back to stirling at any point it could cost you a lot of money if the rates have shifted the wrong way - or you could make money if the rate goes in the opposite direction.

Tough decision in the current climate unless you like a risk.

http://www.todayszaman.com/tz-web/detaylar.do?load=detay&link=160474&bolum=105