Thursday, Mar 08, 2007
They bottled it!
BBC: UK rates kept unchanged at 5.25%
UK interest rates have been kept unchanged at 5.25% by the Bank of England's Monetary Policy Committee.
While it is good news for borrowers this month, many in the City still expect there to be another rate rise in the next few months.
Posted by tyrellcorporation @ 12:05 PM (145 views) Add Comment
19 Comments
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1. tyrellcorporation said...
That's pissed me off! Lets hope Mervyn gets stung with a 3.0% busting inflation figure! With the endemic manipulation of the figures though I just wouldn't bet on it!
2. David said...
Hahahaha Tyrell......You guys on this forum will say anything that "proves" that you are right and that house prices should dip/drop/crash. Just so that you can buy? FTB? Interest rates were never going up today. I made cash on this, and so did anybody trading forex today that were half awake.
3. little professor said...
It was a foregone conclusion that they would leave rates alone, given the recent stock market uncertainty.
4. tyrellcorporation said...
Well done David, you're cool! :)
5. Steve said...
No balls and hardly surising. There will be no house price crash with rates this low and rampant house price inflation of £121 a day.
6. harold said...
The MPC are just dorks. All they are doing is delaying the inevitable.
7. Davros said...
> Hahahaha Tyrell......You guys on this forum will say anything that "proves" that you are right and that house prices should dip/drop/crash. Just so that you can buy? FTB? Interest rates were never going up today. I made cash on this, and so did anybody trading forex today that were half awake.
Keep deluding yourself.
8. dohousescrashinthewoods said...
So that's another one in the storehouse for the coming turmoil.
Paralytic inaction or just rock/hard place, either way it seems we are adding to the store of trouble, rather than draining it away. Then again, with so many in it up to the eyeballs, the current rates are probably juicing people already.
The question is whether other factors will demand a rise, causing a more painful squeeze
9. waitingfor hpc said...
why are we worried about 1 month? watch and see what happens. the cpi is and has always been a tool to be used to manipulate IR's over the last 10 years to keep the growth in the economy.
Now out good bankers are not sure what to do next .... people are now maxed out on borrowings and HPI is still going and with every pause like this a slow down becomes less likely and a crash gets closer.
I am pleased by this decision as it show that the BOE is still up to it's old tricks and the clock is ticking - they may even try to bring them down if things get tougher.
There is so much more at stake than just IR's in this now - the US, Iran Conflict, debt levels, public purse at breaking point, taxes at record levels. Tax burden increasing every day. Potential strikes in NHS, MOD & the rest.
IMHO sit back and watch as Rome begins to burn!
10. holding out said...
We're always a vote down before the meeting with 5th Columnist Blanchflower. It's in the Fed's interest to keep other currency interest rates down if they've no intention of raising their own. They'll be trying to run our foreign policy next but we won't fall for it!
11. doomwatch said...
The MPC can run, but they can't hide. It's only a matter of time before the music stops in this giant game [scam] of pass
the parcel. Unfortunately it'll be the latest batch of FTB/BTL debtors who will be the victims. In readiness for this the government
are currently trying to pass legislation to give scum bailiff companies even more powers. Ka-ching.
12. george monsoon said...
Waiting for hpc.. I agree with you that there are so many things happening in the world that could affect us.
Iran is probably the one that sits at the top, second down the list would be tax burden.. Lets face it, Brown is going to have to pull a rabbit out of a hat on budget day the size of a horse!
13. dohousescrashinthewoods said...
Rome, burn. Aye. Does anyone know their history? How often do big, powerful, jaded civilisations collapse? Are we due for one?
14. Sam said...
actually Britain collapsed a while ago. it's only because of it's bastard child offspring that we have this pretence than Britain actually has any standing in the world.
once they go, we go with them. till then we're still riding on the back of money made by imperialism and slavery.
15. larry pickleman said...
Are we due one???.....Ha Ha!!!....It's already happened....look at the f**king state of the place???...We have all the resources, technology and means to live and share happy fullfilling lives, but it's all being squandered as the power mongers force people to bleed their lives away whilst absorbed in consumerism and media propaganda. Let the looting commence!!!
16. Alsftl said...
A question -
So this year has seen a mega pay out of bonuses to city 'experts' while I read everywhere that it seems that all major financial decisions are made based on a weeks worth of data and reactive feelings - FFS how do these idiots sleep at night!?
17. sovietuk said...
Someone on here a few days back mentioned that New Labour Scum (NLS) are running a 'scorched earth tax policy' as they cling on desperately to their final days in power. Combined with the short termism mismanagement of the economy by the puppet MPC and this bodes very badly for 2008 onwards. Major pain is on it way. Companies and individuals will be taxed out of existence pushing up unemployment at the same time inflation will be running out of control. The future replacement MPC stooges will be forced to hike rates massively to protect sterling. NLS will probably be on the plane to the Caribbean.
18. dohousescrashinthewoods said...
Start by burning the telly and then you have mental room to think about looting :)
19. enuii said...
Reminds me of the fall of Byzantium (Eastern Roman Empire), the ruling classes got so lazy and self righteous that they wouldn't lower themselves to a decent days work and hired mercenaries to defend their empire. When the cash ran out the mercenaries legged it and they were overrun by the hoardes from the east. Bit like the UK Tennis Ball Economy, soft 'n' fluffy on the outside with now't in the middle.