Jump to content
House Price Crash Forum

Recommended Posts

  • Replies 59
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

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
Link to post
Share on other sites

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.

Link to post
Share on other sites

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
Link to post
Share on other sites

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.

Link to post
Share on other sites

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.

Link to post
Share on other sites

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
Link to post
Share on other sites

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.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.