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	<title>COA Solutions - Business Accounting Software &#187; interest rates</title>
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		<title>BASE RATE – JUST A CON?</title>
		<link>http://www.coasolutions.com/blog/2008/09/02/base-rate-%e2%80%93-just-a-con/</link>
		<comments>http://www.coasolutions.com/blog/2008/09/02/base-rate-%e2%80%93-just-a-con/#comments</comments>
		<pubDate>Tue, 02 Sep 2008 11:14:39 +0000</pubDate>
		<dc:creator>Jon Moulton</dc:creator>
		
		<category><![CDATA[Jon Moulton]]></category>

		<category><![CDATA[Musings]]></category>

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		<category><![CDATA[base rate]]></category>

		<category><![CDATA[interest rates]]></category>

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		<description><![CDATA[Today Base Rate is 5%.  So what?  LIBOR (the rate Banks are supposed to lend to each other) is 6.0% for one year and a one year Gilt earns 4.6% p.a.  Drawings by the Banks under the emergency funding scheme are at 4.6% - so who gets or pays Base Rate?<script type="text/javascript">SHARETHIS.addEntry({ title: "BASE RATE – JUST A CON?", url: "http://www.coasolutions.com/blog/2008/09/02/base-rate-%e2%80%93-just-a-con/" });</script>]]></description>
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