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Showing results for tags 'zirp'.
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Mortgage prisoners: Key workers in 'financial nightmare' They (MPs) are asking for the Competition and Markets Authority (CMA) and the Financial Conduct Authority (FCA) to undertake a joint consultation and introduce a cap on standard variable rates. The Treasury said it sympathises with the situation of borrowers who cannot switch mortgages if, for example, their loan is too high against the value of their home or because they are now too old to re-mortgage. -
Like many here I follow a load of 'alternative' financial blogs/ websites/ podcasts and a theme I see emerging is the likelihood of a reversing of the rate cycle towards rising rates 'soon'. Having had years of ZIRP/ Financial Repression/ Money printing is there a realistic chance of a policy change with the CBs or is it (more likely IMO) that they will keep the printing up for as long as they possibly can? -
Even the banks themselves are now getting hacked off with the antics of the central banksters and are starting to mull storing their own excess deposits as cash instead of with the central bank: https://mishtalk.com/2016/06/08/negative-interest-rate-mutiny-in-germany-japan/ Just as well the central banks are abolishing the large notes to make this trickier for all concerned. I can see this being used as a pretext to get rid of physical cash, can't have people 'hoarding' their personal wealth when they could be out spending it and boosting the economy, as well as borrowing some more to cover their expenses.