{"id":483,"date":"2007-10-04T22:56:00","date_gmt":"2007-10-04T21:56:00","guid":{"rendered":"http:\/\/blog.widmann.org.uk\/?p=483"},"modified":"2007-10-04T22:56:00","modified_gmt":"2007-10-04T21:56:00","slug":"492-a-day","status":"publish","type":"post","link":"https:\/\/widmanniana.org\/blog\/492-a-day\/","title":{"rendered":"\u00a34.92 a day"},"content":{"rendered":"<div style=\"float: right; margin-left: 10px; margin-bottom: 10px;\"> <a href=\"http:\/\/www.flickr.com\/photos\/dfluff\/245241385\/\" title=\"photo sharing\"><img decoding=\"async\" src=\"http:\/\/farm1.static.flickr.com\/97\/245241385_d628639758_m.jpg\" alt=\"\" style=\"border: solid 2px #000000;\" \/><\/a> <br \/> <span style=\"font-size: 0.9em; margin-top: 0px;\">  <a href=\"http:\/\/www.flickr.com\/photos\/dfluff\/245241385\/\">Outside The Bank Of England<\/a>  <br \/>  Originally uploaded by <a href=\"http:\/\/www.flickr.com\/people\/dfluff\/\">Dave Smith<\/a> <\/span><\/div>\n<p>I found the historic base rates for both the Bank of England and the European Central Bank since the latter&#8217;s creation on 1st January 1999 (see the last part of this posting).<\/p>\n<p>It&#8217;s a fact that the Bank of England&#8217;s base rate has been higher than the ECB&#8217;s at any one time (between 0.25% and 3%, and on average 1.80%).<\/p>\n<p>As far as I can make out, that amounts to more than \u00a315,000 pounds since the ECB&#8217;s creation for a typical \u00a3100,000 mortgage, or exactly \u00a34.92 a day.<\/p>\n<p>Is it really worth that much money to keep the pound?<\/p>\n<p>Here&#8217;s a list of the base rates:<\/p>\n<table>\n<tr>\n<th>Date<\/th>\n<th>BoE<\/th>\n<th>ECB<\/th>\n<\/tr>\n<tr>\n<td>01\/01\/99<\/td>\n<td>6.00<\/td>\n<td>3.00<\/td>\n<\/tr>\n<tr>\n<td>01\/02\/99<\/td>\n<td>5.50<\/td>\n<td>3.00<\/td>\n<\/tr>\n<tr>\n<td>15\/02\/99<\/td>\n<td>5.25<\/td>\n<td>3.00<\/td>\n<\/tr>\n<tr>\n<td>09\/04\/99<\/td>\n<td>5.25<\/td>\n<td>2.50<\/td>\n<\/tr>\n<tr>\n<td>01\/06\/99<\/td>\n<td>5.00<\/td>\n<td>2.50<\/td>\n<\/tr>\n<tr>\n<td>01\/09\/99<\/td>\n<td>5.25<\/td>\n<td>2.50<\/td>\n<\/tr>\n<tr>\n<td>05\/11\/99<\/td>\n<td>5.25<\/td>\n<td>3.00<\/td>\n<\/tr>\n<tr>\n<td>14\/01\/00<\/td>\n<td>5.75<\/td>\n<td>3.00<\/td>\n<\/tr>\n<tr>\n<td>04\/02\/00<\/td>\n<td>5.75<\/td>\n<td>3.25<\/td>\n<\/tr>\n<tr>\n<td>10\/02\/00<\/td>\n<td>6.00<\/td>\n<td>3.25<\/td>\n<\/tr>\n<tr>\n<td>17\/03\/00<\/td>\n<td>6.00<\/td>\n<td>3.50<\/td>\n<\/tr>\n<tr>\n<td>28\/04\/00<\/td>\n<td>6.00<\/td>\n<td>3.75<\/td>\n<\/tr>\n<tr>\n<td>09\/06\/00<\/td>\n<td>6.00<\/td>\n<td>4.25<\/td>\n<\/tr>\n<tr>\n<td>01\/09\/00<\/td>\n<td>6.00<\/td>\n<td>4.50<\/td>\n<\/tr>\n<tr>\n<td>06\/10\/00<\/td>\n<td>6.00<\/td>\n<td>4.75<\/td>\n<\/tr>\n<tr>\n<td>08\/02\/01<\/td>\n<td>5.75<\/td>\n<td>4.75<\/td>\n<\/tr>\n<tr>\n<td>05\/04\/01<\/td>\n<td>5.50<\/td>\n<td>4.75<\/td>\n<\/tr>\n<tr>\n<td>11\/05\/01<\/td>\n<td>5.50<\/td>\n<td>4.50<\/td>\n<\/tr>\n<tr>\n<td>10\/06\/01<\/td>\n<td>5.25<\/td>\n<td>4.50<\/td>\n<\/tr>\n<tr>\n<td>31\/08\/01<\/td>\n<td>5.25<\/td>\n<td>4.25<\/td>\n<\/tr>\n<tr>\n<td>18\/09\/01<\/td>\n<td>5.25<\/td>\n<td>3.75<\/td>\n<\/tr>\n<tr>\n<td>19\/09\/01<\/td>\n<td>4.75<\/td>\n<td>3.75<\/td>\n<\/tr>\n<tr>\n<td>03\/10\/01<\/td>\n<td>4.50<\/td>\n<td>3.75<\/td>\n<\/tr>\n<tr>\n<td>08\/11\/01<\/td>\n<td>4.00<\/td>\n<td>3.75<\/td>\n<\/tr>\n<tr>\n<td>09\/11\/01<\/td>\n<td>4.00<\/td>\n<td>3.25<\/td>\n<\/tr>\n<tr>\n<td>06\/12\/02<\/td>\n<td>4.00<\/td>\n<td>2.75<\/td>\n<\/tr>\n<tr>\n<td>07\/02\/03<\/td>\n<td>3.75<\/td>\n<td>2.75<\/td>\n<\/tr>\n<tr>\n<td>07\/03\/03<\/td>\n<td>3.75<\/td>\n<td>2.50<\/td>\n<\/tr>\n<tr>\n<td>06\/06\/03<\/td>\n<td>3.75<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>10\/07\/03<\/td>\n<td>3.50<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>06\/11\/03<\/td>\n<td>3.75<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>05\/02\/04<\/td>\n<td>4.00<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>06\/05\/04<\/td>\n<td>4.25<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>10\/06\/04<\/td>\n<td>4.50<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>05\/08\/04<\/td>\n<td>4.75<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>04\/08\/05<\/td>\n<td>4.50<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>06\/12\/05<\/td>\n<td>4.50<\/td>\n<td>2.25<\/td>\n<\/tr>\n<tr>\n<td>08\/03\/06<\/td>\n<td>4.50<\/td>\n<td>2.50<\/td>\n<\/tr>\n<tr>\n<td>15\/06\/06<\/td>\n<td>4.50<\/td>\n<td>2.75<\/td>\n<\/tr>\n<tr>\n<td>09\/08\/06<\/td>\n<td>4.50<\/td>\n<td>3.00<\/td>\n<\/tr>\n<tr>\n<td>07\/09\/06<\/td>\n<td>4.75<\/td>\n<td>3.00<\/td>\n<\/tr>\n<tr>\n<td>11\/10\/06<\/td>\n<td>4.75<\/td>\n<td>3.25<\/td>\n<\/tr>\n<tr>\n<td>09\/11\/06<\/td>\n<td>5.00<\/td>\n<td>3.25<\/td>\n<\/tr>\n<tr>\n<td>13\/12\/06<\/td>\n<td>5.00<\/td>\n<td>3.50<\/td>\n<\/tr>\n<tr>\n<td>11\/01\/07<\/td>\n<td>5.25<\/td>\n<td>3.50<\/td>\n<\/tr>\n<tr>\n<td>14\/03\/07<\/td>\n<td>5.25<\/td>\n<td>3.75<\/td>\n<\/tr>\n<tr>\n<td>10\/05\/07<\/td>\n<td>5.50<\/td>\n<td>3.75<\/td>\n<\/tr>\n<tr>\n<td>13\/06\/07<\/td>\n<td>5.50<\/td>\n<td>4.00<\/td>\n<\/tr>\n<tr>\n<td>05\/07\/07<\/td>\n<td>5.75<\/td>\n<td>4.00<\/td>\n<\/tr>\n<\/table>\n<p><br clear=\"all\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Outside The Bank Of England Originally uploaded by Dave Smith I found the historic base rates for both the Bank of England and the European Central Bank since the latter&#8217;s creation on 1st January 1999 (see the last part of this posting). It&#8217;s a fact that the Bank of England&#8217;s base rate has been higher than the ECB&#8217;s at any one time (between 0.25% and 3%, and on average 1.80%). As far as I can make out, that amounts to more than \u00a315,000 pounds since the ECB&#8217;s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[159,130],"tags":[],"class_list":["post-483","post","type-post","status-publish","format-standard","hentry","category-en","category-politics"],"_links":{"self":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts\/483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/comments?post=483"}],"version-history":[{"count":0,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts\/483\/revisions"}],"wp:attachment":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/media?parent=483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/categories?post=483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/tags?post=483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}