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Guest The_Oldie

Mpc & Interest Rates

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Guest The_Oldie

The newscaster from Bloomberg came out with this piece of spin on Sky News this morning.

Since the minutes of the last MPC meeting revealed that the vote to hold rates was 9-0, it is thought that the bank will need to see more gloomy results from the high street before it resumes it's program of interest rate cuts.

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The newscaster from Bloomberg came out with this piece of spin on Sky News this morning.

as far as I can see.. Interest rate cuts cannot resolve the current issues we are facing within the economy..

The last time we had a crash.. interest rates were lowered to try and help.. and it did no good.. as it didn't this time..

More educated people then I in this area will hopefully now explain why interest rates cannot help now..

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Why is spending slowing? Because people are so indebted. Whats the solution industry is calling for, yes, lower rates to get people into more debt. Bonkers. Rates need to be jacked up, lets hope the BoE come to their senses.

Edited by simon99

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  • 301 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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