Bruce Banner Posted April 7, 2011 Share Posted April 7, 2011 ECB raise rates to 1.25% . Quote Link to comment Share on other sites More sharing options...
200p Posted April 7, 2011 Share Posted April 7, 2011 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?! Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 7, 2011 Share Posted April 7, 2011 It will be interesting to see what effect this has on the PIIGS. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted April 7, 2011 Share Posted April 7, 2011 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 How long can the MPC pretend to everyone everything is ok? Quote Link to comment Share on other sites More sharing options...
Constable Posted April 7, 2011 Share Posted April 7, 2011 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. Quote Link to comment Share on other sites More sharing options...
SHERWICK Posted April 7, 2011 Share Posted April 7, 2011 Poor Ireland... and Greece... and Portugal... and Italy... and Spain... and (etc. etc.). Quote Link to comment Share on other sites More sharing options...
billybong Posted April 7, 2011 Share Posted April 7, 2011 (edited) 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 April 7, 2011 by billybong Quote Link to comment Share on other sites More sharing options...
tinker Posted April 7, 2011 Share Posted April 7, 2011 Swervin' Mervin 'Nothing to see here.' Quote Link to comment Share on other sites More sharing options...
Chuffy Chuffnell Posted April 7, 2011 Share Posted April 7, 2011 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! Quote Link to comment Share on other sites More sharing options...
The Eagle Posted April 7, 2011 Share Posted April 7, 2011 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. Quote Link to comment Share on other sites More sharing options...
Stay Beautiful Posted April 7, 2011 Share Posted April 7, 2011 Merv, Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted April 7, 2011 Share Posted April 7, 2011 (edited) 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 April 7, 2011 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
200p Posted April 7, 2011 Share Posted April 7, 2011 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? Quote Link to comment Share on other sites More sharing options...
billybong Posted April 7, 2011 Share Posted April 7, 2011 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. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted April 7, 2011 Share Posted April 7, 2011 That will do wonders for Irelands housing Market, by wonders I mean crash it more! Quote Link to comment Share on other sites More sharing options...
Constable Posted April 7, 2011 Share Posted April 7, 2011 The country would be better getting HPC to set the rates rather than the MPC. Rates held at 10% and QE repaid. Quote Link to comment Share on other sites More sharing options...
tahoma Posted April 7, 2011 Share Posted April 7, 2011 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. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted April 7, 2011 Share Posted April 7, 2011 (edited) 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 April 7, 2011 by Pent Up Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted April 7, 2011 Share Posted April 7, 2011 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. Quote Link to comment Share on other sites More sharing options...
Deckard Posted April 7, 2011 Share Posted April 7, 2011 Poor Ireland... and Greece... and Portugal... and Italy... and Spain... and (etc. etc.). +1 The-ECB-does-Germany's-bidding-again shocker Quote Link to comment Share on other sites More sharing options...
billybong Posted April 7, 2011 Share Posted April 7, 2011 What was it that a previous Prime Minister said. Something like the UK is better placed or something Quote Link to comment Share on other sites More sharing options...
Pent Up Posted April 7, 2011 Share Posted April 7, 2011 What was it that a previous Prime Minister said. Something like the UK is better placed or something We are, because we have Merv and his vigilance at the helm... Quote Link to comment Share on other sites More sharing options...
singlemalt Posted April 7, 2011 Share Posted April 7, 2011 Maybe they forgot how to do it as it's been so long? Or they forgot to migrate that fuctionality to the 'new look' forum, it's been that long. Quote Link to comment Share on other sites More sharing options...
The Moderators Posted April 7, 2011 Share Posted April 7, 2011 Or they forgot to migrate that fuctionality to the 'new look' forum, it's been that long. The forum and the home page are different. You'll need to ask Fubra to update the home page. Quote Link to comment Share on other sites More sharing options...
sleepwello'nights Posted April 7, 2011 Share Posted April 7, 2011 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! 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. Quote Link to comment Share on other sites More sharing options...
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