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Rates Will Rise Next Week As Euro Inflation Climbs: Analysts

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Strangely enough, I get a much better rate on my GBP in a UK bank than I do on my EUR in a French bank.

UK (NS&I) pays 3.9% ie base rate +3.4%.

French bank pays 1.25% ie base rate +0.25%.

Perhaps it's my inability to negotiate the best rates in a foreign language.

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I'm sceptical there will be a euro area base rate rise.

If they do it will be a pathetic 0.25% just to show they are "serious" about inflation. Very yawnsome stuff really.

Quite funny that the Eurozone these days is Germany and then every other country (every other being a bit fecked)

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I'm sceptical there will be a euro area base rate rise.

If they do it will be a pathetic 0.25% just to show they are "serious" about inflation. Very yawnsome stuff really.

Quite funny that the Eurozone these days is Germany and then every other country (every other being a bit fecked)

0.25% increase, assuming the bank pass it on, would increase my EUR income by 20%, not to be despised :).

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Euro zone inflation rises to 2.6% - rate rise imminent.

http://uk.news.yahoo.com/18/20110331/tbs-rates-will-rise-next-week-as-euro-in-5268574.html

Phew, thank goodness the GBP inflation zone is only 4.6% and there's no need to raise rates here.

I am sure Portugal etc will love this. Pushing them further towards the IMF and eventual default. If ever something demonstrated why the € is doomed long term it is the current actions of the ECB.

(http://online.wsj.com/article/SB10001424052748703806304576234353365867030.html) having just had there deficit revised up to 8.7% last year and 10% the year before. 10 years bond hit 8.25% today as well.

Spanish Caja restructuring not going as planned, (http://www.marketwatch.com/story/merger-collapse-mars-bank-restructuring-in-spain-2011-03-31)

Irish banks coming clean today, again... (http://uk.reuters.com/article/2011/03/31/uk-irish-bank-debt-idUKTRE72U2F620110331)

CDS are blowing out, also Irish & Greek bond yields up. (http://www.bloomberg.com/apps/quote?ticker=GIGB10YR:IND), http://www.bloomberg.com/apps/quote?ticker=GGGB10YR:IND.

Spain not looking to healthy today either (http://www.bloomberg.com/apps/quote?ticker=GSPG10YR:IND)

Quite obvious that Portugal, Greece and Ireland are all going to default. Austerity will likely make the problems worse. A restructuring with haircuts 50%-75%, recapitalise the banks is in order. Spain & Italy will probably go as well although it may take a bit longer.

The main problem though will still be, even if they default how to get a country like Portugal to grow?

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0.25% increase, assuming the bank pass it on, would increase my EUR income by 20%, not to be despised :).

if you don't mind me asking, how would your EUR income increase by 20%. Sounds like an investment I'd like to get in on!

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if you don't mind me asking, how would your EUR income increase by 20%. Sounds like an investment I'd like to get in on!

I currently get 1.25% interest on my EUR. If it goes up 0.25% to 1.5%, that will be a 20% increase in the interest I receive.

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  • 309 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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