Saturday, Dec 13, 2008
Time to put rates back up then Merv me old son
The Times: Pound’s plunge is expected to limit cuts in UK interest rates
"Members of the Bank’s monetary policy committee (MPC) have in the past said sterling’s performance still plays a role in rate decisions and some of those concerns may emerge this week."..............so whats it to be?
Posted by titaniccaptain @ 11:12 PM (1101 views) Add Comment
10 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. str 2007 said...
Perhaps some sense emerging at last TC.
2. titaniccaptain said...
Str2007
im not holding my breath............
3. crunchy said...
Why worry, not worth the stress.
What, problems already? lol
Sit back relax and enjoy the show.
Just as we did not know what was going to cause the tipping point of the crash, we will not know how it will find the bottom.
We will only know when it is reached.
IT IS NOT NOW!!!
4. quiet guy said...
How much does this really matter at this stage? our interest rates are already extremely low and there is only another 2% to play with. Even if the MPC drop rates to zero, it won't be long before they are forced to raise them again.
Drifting away from topic: have you managed to make up your mind about buying gold TC?
5. str 2007 said...
quiet guy
Crunchy mentioned buying Oil on a previous thread - an interesting thought I wouldn't mind discussing in more detail.
6. enuii said...
I think the first sign will be food inflation, the signs are already there in the supermarkets with fresh produce imported from the EU. All other sectors are clouded by the clearance of excess stock, end of year products and failing businesses, the New Year will bring imported inflation directly into peoples pockets along with the realisation that they have been shafted by this governments economic policies.
7. str 2007 said...
Enuii
I also struggle to see how you can devalue a currency by 30% and not expect significant inflation (product inflation that is) not wage inflation. (More pressure on house prices).
How many people I wonder have benefited from the excessive (IMO) interest rate cuts against how many will loose with imported inflation ?
8. amjidk said...
as importers of computer parts, we are losing out big time!!
9. titaniccaptain said...
@quiet guy havent made mind up yet...act in haste regret at leisure
10. alan said...
I don't think the UK hs caught up with the drop in sterling, yet. Maybe too busy "buying bargains", as Lakeside (Essex) is packed.
All I heard last week was how good the cut in the £'s buying power is for exporters from GBs supporters in the BBC.
Further cuts in IRs could crash the £ - is that in anyone's interest? Speaking of interest, I just had a note from HSBC to say mine has just been cut. It's hardly worth saving cash these days.
TC, a 1 ounce Kruger is now well over £500, sovereigns are £130 each for well graded coins, up from £98, just 6 weeks back.