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Showing results for tags 'boe'.
Found 12 results
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Why are more borrowers choosing long-term fixed-rate mortgage products? https://www.bankofengland.co.uk/bank-overground/2020/why-are-more-borrowers-choosing-long-term-fixed-rate-mortgage-products -
https://www.bbc.co.uk/news/business-59173293
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https://bankunderground.co.uk/2016/11/17/there-are-two-productivity-puzzles/ Apparently the "Big Brains" at the BoE - the Bank’s Structural Economic Analysis Division - are thinking about the productivity puzzles... The puzzles are: 1) Why did productivity not return after the big shock of the crisis passed 2) Why has productivity been growing so slowly recently Productivity isnt something I fully understand, in so far as the way its measured and what it ultimately represents (or is intended to represent). You might say its a puzzle to me completely. Anyone willing to provide as simple as explanation as possible on what it is/represents, and what the view is from HPC on the above puzzles?
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Mark Carney has signalled the Bank of Englandwould be prepared to cut interest rates – or freeze plans to increase them – in order to support jobs and economic growth should Britain be plunged into a disorderly Brexit. https://www.theguardian.com/business/2018/may/24/bank-england-ready-act-uk-faces-disorderly-brexit-mark-carney-says
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I wanted to start a thread with very informative documentaries for any HPC'er. I'll start with theses twoe must's: 1) http://documentary-movie.com/inside-job/ Narrated by Mat Damon, the documentary explains the wallstreet crash of 08. Subjects include liar loans (predatory loans), Collaterlatised Debt Obligations and Securities Fraud. 2) Princes of the Yen This documentary explains the rise and fall of the Japanese economy between the end of WWII and the bubble crash of the 80's.
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So... Fed continues to hike https://www.cnbc.com/2017/12/13/fed-hikes-rates-by-a-quarter-point.html
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All banks in the clear, seemingly very comfortable this time around, BTL not so much... "Today’s stress tests also found that buy-to-let mortgages would suffer the bulk of the losses if there was a financial crisis. Loans to owner-occupiers would be much more modest. In other words, families would keep paying off their mortgages even if the economy went into recession, but some buy-to-let lenders might struggle to meet their obligations." https://www.theguardian.com/business/live/2017/nov/28/bank-of-england-stress-tests-financial-stability-released-live Carney's narrative is that the banks will survive a disorderly Brexit, and worst case house prices will fall 33% PROVIDING nothing else accelerates the downturn
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http://www.bbc.co.uk/news/business-41846330 https://www.moneysupermarket.com/mortgages/results/#?goal=2&types=1&property=400000&borrow=340000&page=1&periods=2 Interesting -
When will they rise? What will the trigger for forced sellers be?
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https://www.gov.uk/government/publications/budget-representations-guidance/guidance-for-submitting-your-budget-or-autumn-statement-representation Is it worth submitting something? If so does it make sense to submit similar proposals?
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Ultimately, Carneys advice to Britons was to be prudent with their finances -- a message he said he would always deliver. You want to make sure that as a family, as an individual, that youll be able to service that mortgage when times are tough; you dont want to lose your home, he said. Wed tell you that if we were in the 10th year of a boom. http://www.bloomberg.com/news/articles/2016-07-05/boe-cuts-bank-capital-buffer-as-brexit-vote-challenges-stability
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Scrap the BoE says Adam Smith Institute http://www.telegraph.co.uk/finance/bank-of-england/12092171/Scrap-Bank-of-Englands-powers-after-century-of-boom-and-bust-says-think-tank.html After a century of boom and bust, and 'free banking' system before was far more stable. Well Haldane said he can't wait to be replaced by a bot. Let the algo's rule!
