Wednesday, Jul 21, 2010
Bankers not keen on IR rise
Citywire: Bank of England’s Sentance the lone voice for interest rate rise
Most of the Bank of England’s rate-setting committee remain happy to keep the base interest rate at the record low of 0.5% as the risks to the UK economy remain very finely balanced, minutes from the committee’s last meeting show.
Depressing innit?
Posted by a saver @ 04:58 PM (1090 views) Add Comment
7 Comments
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1. 51ck-6-51x said...
Economics focus: Easy-money riders | The Economist
2. Crunchy said...
Talk is cheap.
3. landofconfusion said...
I support Moneyweek's view on this. With the base rate @ 0.5% people are still going bust and we have massive under- & un-employment.
I can see current base rate condtions lasting and QE ahead I'm afraid.
4. alan_540 said...
"I can see current base rate condtions lasting and QE ahead I'm afraid."
Brown's economic legacy. It was the prudent thing to do.
;-)
5. inbreda said...
so - having resigned myself to the fact that I will not be buying a house as I dont want to crystallise my "losses" created by the housing bubble being maintained, I also face the prospect of money printing devaluing my money. Gold it is.
6. mrflibble said...
@5. inbreda...
Perfectly summed up. The only plus point at the minute is that Gold is heading back down to hopefully a nice buy point.
7. inbreda said...
quite, mr fibble.
I already have gold holdings and I am really getting into the correct mindset. I do not see gold going down - I just see gold staying stable, and some worthless eventually-to-be-doomed fiat currency bouncing around like a lunatic and, in the recent past, regaining a bit of strength. I look at the "historic house prices in gold" chart, and just feel glad I dont have as much fiat money as I used to.
I think the number of people who think like me is only going to increase as time rolls by.