Harry Monk Posted March 6, 2014 Share Posted March 6, 2014 Just been announced on the BBC news that the BoE is expected to hold interest rates at 0.5%... how do they know that? Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted March 6, 2014 Share Posted March 6, 2014 Just been announced on the BBC news that the BoE is expected to hold interest rates at 0.5%... how do they know that? Because Larry, Mo and Curly told us weeks ago that rates won't rise till spring 2015. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted March 6, 2014 Author Share Posted March 6, 2014 Just been announced on the BBC news that the BoE is expected to hold interest rates at 0.5%... how do they know that? BBC read this thread? Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted March 6, 2014 Share Posted March 6, 2014 (edited) Altmann's take on the present low base rates, not that the MPC will listen........ http://www.thisismoney.co.uk/money/saving/article-2573922/Youre-mug-save-warns-financial-expert-says-Bank-Englands-rock-bottom-rates-low-long.html Edited March 6, 2014 by crashmonitor Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 10, 2014 Author Share Posted April 10, 2014 http://www.bloomberg.com/news/2014-04-09/boe-seen-keeping-interest-rate-at-record-low-with-slack-in-focus.html How unexpected. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 10, 2014 Share Posted April 10, 2014 What's this month's excuse? Quote Link to comment Share on other sites More sharing options...
Errol Posted April 10, 2014 Share Posted April 10, 2014 Just had a letter from Scottish Power saying that they are reducing bills this year, doesn`t smell like inflation to me I`m afraid. And how much have the prices gone up since, say, 2004? Quote Link to comment Share on other sites More sharing options...
davidg Posted April 10, 2014 Share Posted April 10, 2014 http://www.thisismoney.co.uk/money/saving/article-2573922/Youre-mug-save-warns-financial-expert-says-Bank-Englands-rock-bottom-rates-low-long.html However, she acknowledged that the upside of low rates has been that mortgage borrowers were left hundreds or thousands of pounds better off than they might have been. ... Getting the keys: First-time buyers with low deposits have benefitted from the Bank's low rates Benefited by making houses even more unaffordable? Quote Link to comment Share on other sites More sharing options...
Eddie_George Posted May 8, 2014 Share Posted May 8, 2014 May I have the pleasure: http://www.bbc.co.uk/news/business-27326739 Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 8, 2014 Share Posted May 8, 2014 I really neve May I have the pleasure: http://www.bbc.co.uk/news/business-27326739 I really never thought they'd be allowed to continue this madness this long. Who do I vote for to get rid of the independent ( from the population ) Boe ? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted May 8, 2014 Share Posted May 8, 2014 I really neve I really never thought they'd be allowed to continue this madness this long. Who do I vote for to get rid of the independent ( from the population ) Boe ? A 1% rise in base rates will knock 2% off GDP, effectively putting the UK back into recession, so this side of a hyperinflation rates are never going to hit 1.5% again. If the London bubble has peaked then economic activity will slow markedly in H2 and it's possible we won't see so much as a token 0.25% hike before 2020. Quote Link to comment Share on other sites More sharing options...
terryturbojr Posted May 8, 2014 Share Posted May 8, 2014 (edited) I was reading something recently suggesting US would not have unwound their QE until 2020 and I believe they've said they won't raise rates until QE unwound. So could be 2020 all round for first rate hike. Does make you wonder if the 2% tracker a better option than the 3% 5yr fixed. Edited May 8, 2014 by terryturbojr Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 8, 2014 Share Posted May 8, 2014 A 1% rise in base rates will knock 2% off GDP, effectively putting the UK back into recession, so this side of a hyperinflation rates are never going to hit 1.5% again. If the London bubble has peaked then economic activity will slow markedly in H2 and it's possible we won't see so much as a token 0.25% hike before 2020. Nothing I see changes my view that the UK is in a mess and the best possible course of action is to leave.... Quote Link to comment Share on other sites More sharing options...
fluffy666 Posted May 8, 2014 Share Posted May 8, 2014 A 1% rise in base rates will knock 2% off GDP, effectively putting the UK back into recession, so this side of a hyperinflation rates are never going to hit 1.5% again. If the London bubble has peaked then economic activity will slow markedly in H2 and it's possible we won't see so much as a token 0.25% hike before 2020. I think that there is also the fun possibility of a 'rush for the exits'. IRs go up 0.5%.. lots of people who have been on base-rate linked trackers/SVR suddenly notice that interest rates can go up. Stampede for fixed-rate deals leads to lots of deals being oversubscribed/withdrawn.. Still, by 2020 I'll only have 6 years left on the mortgage.. Quote Link to comment Share on other sites More sharing options...
Eddie_George Posted May 8, 2014 Share Posted May 8, 2014 Low interest rates = malinvestment & inflation of housing, energy and food prices = hollowing out of productive industry and brain drain = Britain withering to insignificance All thanks to the political parties who are elected to govern in our best interests. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 8, 2014 Share Posted May 8, 2014 (edited) I think that there is also the fun possibility of a 'rush for the exits'. IRs go up 0.5%.. lots of people who have been on base-rate linked trackers/SVR suddenly notice that interest rates can go up. Stampede for fixed-rate deals leads to lots of deals being oversubscribed/withdrawn.. Still, by 2020 I'll only have 6 years left on the mortgage.. In a burning building...who gets out first ? Them that's keeping an eye on what's happened and are stood near the exits. When the rush starts not many get out. Edited May 8, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted May 8, 2014 Share Posted May 8, 2014 I think that there is also the fun possibility of a 'rush for the exits'. IRs go up 0.5%.. lots of people who have been on base-rate linked trackers/SVR suddenly notice that interest rates can go up. Stampede for fixed-rate deals leads to lots of deals being oversubscribed/withdrawn.. Still, by 2020 I'll only have 6 years left on the mortgage.. Where are these people rushing to the exit's going to live? Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted May 8, 2014 Share Posted May 8, 2014 (edited) A 1% rise in base rates will knock 2% off GDP, effectively putting the UK back into recession, so this side of a hyperinflation rates are never going to hit 1.5% again. If the London bubble has peaked then economic activity will slow markedly in H2 and it's possible we won't see so much as a token 0.25% hike before 2020.2020. We will be running balanced to surplus budgets in public sector by then. Edited May 8, 2014 by Ash4781 Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 8, 2014 Share Posted May 8, 2014 23020. We will be running balanced to surplus budgets in public sector by then. Corrected for accuracy, Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted May 8, 2014 Author Share Posted May 8, 2014 A 1% rise in base rates will knock 2% off GDP, effectively putting the UK back into recession, so this side of a hyperinflation rates are never going to hit 1.5% again. If the London bubble has peaked then economic activity will slow markedly in H2 and it's possible we won't see so much as a token 0.25% hike before 2020. It's almost as if they are utterly fecked no matter what they do..... Thank god we are just going la la la la and pretending nothing is wrong. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted June 5, 2014 Share Posted June 5, 2014 http://www.economicsuk.com/blog/002026.html Shadow went for a 5-4 vote for a hike. But no chance today with Carnage in charge. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted June 5, 2014 Share Posted June 5, 2014 (edited) http://www.cityam.com/blog/1401964393/bank-england-holds-policy-investors-await-afternoons-ecb-statement Yep 'twiddling their thumbs' no surprises then. Edited June 5, 2014 by crashmonitor Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted June 5, 2014 Share Posted June 5, 2014 (edited) http://www.bbc.co.uk/news/business-27715042 BBC keen to dampen down fears....... 'analysts not expecting a rate rise until next year' Edited June 5, 2014 by crashmonitor Quote Link to comment Share on other sites More sharing options...
R K Posted June 5, 2014 Share Posted June 5, 2014 http://www.economicsuk.com/blog/002026.html Shadow went for a 5-4 vote for a hike. But no chance today with Carnage in charge. Is that Ian Wright, Lee Dixon and Glenn Hoddle? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 5, 2014 Share Posted June 5, 2014 http://www.bbc.co.uk/news/business-27715042 BBC keen to dampen down fears....... 'analysts not expecting a rate rise until next year' Yes, 24% devaluation of your wages and savings relative to house prices is a good thing. These people should be locked up with their corrupt banker friends. Quote Link to comment Share on other sites More sharing options...
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