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E C B Raise Rates To 1.25%

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On the BBC they were in what appears to be a trading room.

There was a great cheer on the news by the traders. What does that say?!

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On the BBC they were in what appears to be a trading room.

There was a great cheer on the news by the traders. What does that say?!

They save with european banks :lol:

How long can the MPC pretend to everyone everything is ok?

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On the BBC they were in what appears to be a trading room.

There was a great cheer on the news by the traders. What does that say?!

that they had money on it.

good on the ECB. 'makes Merv look even more ridiculous now.

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Meanwhile Mervyn groundhogged it keeping UK rates on hold.

Some London city type on the news being asked why, when euro inflation is half the UK's, the ECB are ahead of the UK in raising interest rates. Waffle waffle waffle in response, as usual.

The ECB have always been more responsible. The BoE were given the job for the UK under the pretence that they would know what they were doing and would do a job for the UK like the ECB do for europe. Unfortunately the BoE's been a dismal failure.

Edited by billybong

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Meanwhile Mervyn groundhogged it keeping UK rates on hold.

Some London city type on the news being asked why, when euro inflation is half the UK's, the ECB are ahead of the UK in raising interest rates. Waffle waffle waffle in response, as usual.

I agree this makes Merv look like a clown.

What's even more ridiculous is that the UK still has an AAA rating, so much for the credibility of the rating agencies.

The rating agencies are really just market manipulation instruments controlled by the UK/US bankster-elite.

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that they had money on it.

good on the ECB. 'makes Merv look even more ridiculous now.

So Merv is either deliberately keeping rates low regardless of what happens with inflation or is totally incompetent...either way he has got to go !!!!!

Does anyone believe the BoE is independent ?

It's shocking what they are getting away with and their great plan to save the banks/housing market is now having such a bad effect via inflation and no wage rises that they have created a problem for everyone.

The country would be better getting HPC to set the rates rather than the MPC.

Edited by TheCountOfNowhere

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These are sick people running the show.

If you had someone you didn't like in a thumb screw, would you turn the screws slowly or quickly for maximum pain?

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It's highlighting and making it very clear how very vulnerable and weak the UK economy is in that it can't countenance the smallest increase from it's already ultramega low level.

Earlier today even a Portuguese politician on Portugal's bailout was saying that the UK shouldn't think it held any high ground on the subject as it had more than enough debt and deficit of its own and could come to match Portugal's misfortune.

To think that in the past UK leaders have even taken to bragging how strong the UK economy was and how others should take an example from the UK in conducting their economic affairs. The ECB have just demonstrated what a lie that's all been.

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Eeeeh, back in the day, there would've been an HPC mod with their finder on the button ready to update t' rates at t' top of the home page after news like this, quick as a flash.

Now look. half an hour later and it's still stuck on 1%. Have they got jobs to do or something?

It's a crying shame, I tell thee.

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Eeeeh, back in the day, there would've been an HPC mod with their finder on the button ready to update t' rates at t' top of the home page after news like this, quick as a flash.

Now look. half an hour later and it's still stuck on 1%. Have they got jobs to do or something?

It's a crying shame, I tell thee.

Maybe they forgot how to do it as it's been so long?

Edited by Pent Up

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That will do wonders for Irelands housing Market, by wonders I mean crash it more!

Good job that no large British financial institutions have any involvement in the Irish property market.

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Poor Ireland...

and Greece...

and Portugal...

and Italy...

and Spain...

and (etc. etc.).

+1

The-ECB-does-Germany's-bidding-again shocker :rolleyes:

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What was it that a previous Prime Minister said. Something like the UK is better placed or something :lol::lol:

We are, because we have Merv and his vigilance at the helm...

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And so it begins!

The BoE will hold out until the last moment... probably September 2011. And then only raise rates very slowly. Still, every little helps... repo auctions in 2012 here I come! :PB)

Increasing interest rates will probably depress a weak economy even further. The law of unintended consequences may even bite you. Be careful what you wish for.

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  • 284 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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