Errol Posted November 8, 2012 Share Posted November 8, 2012 former colleague tells them to plan for rate rises... After the crash/collapse? Quote Link to comment Share on other sites More sharing options...
danlee74 Posted November 8, 2012 Share Posted November 8, 2012 in 2 years they will be saying the same, screw the savers for another 2 years Bank rate setters reject new cash injection as former colleague tells them to plan for rate rises... Indeed ... I seem to remember spring / summer 2011 (?) them toying with the idea of a base rate rise and when each month when it didn't happen those heavily mortgaged colleagues (quite literally) skipping down the office. This country is very sick, the overborrowed anmd overleveraged given preferential treatment against those who lived within their means and tried to remain 'sensible'. Oh for a time portal to 1997. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 8, 2012 Share Posted November 8, 2012 44 months....have the banks taken enough 40% deposits from idiots to allow them to hammer down prices ? Quote Link to comment Share on other sites More sharing options...
Lennon Posted November 8, 2012 Share Posted November 8, 2012 Just for posterity... (And a link and everything - http://www.bbc.co.uk/news/business-20250413) Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted November 8, 2012 Author Share Posted November 8, 2012 Just for posterity... (And a link and everything - http://www.bbc.co.uk/news/business-20250413) What are the bookies offering on Dec for them holding at 0.5%? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted November 8, 2012 Author Share Posted November 8, 2012 In fact I'll bump this now for Dec. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted November 8, 2012 Share Posted November 8, 2012 In fact I'll bump this now for Dec. Do try contain yourself. Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted November 8, 2012 Share Posted November 8, 2012 What are the bookies offering on Dec for them holding at 0.5%? Have we finally found a transfer mechanism to get money into the real economy? Quote Link to comment Share on other sites More sharing options...
FreeTrader Posted November 21, 2012 Share Posted November 21, 2012 Notable paragraph from the November MPC Minutes (my bold): 37 The Committee also discussed the likely effectiveness of reducing Bank Rate to below 0.5%. Over the past few months, Bank staff had consulted with the FSA and the Building Societies Association on the possible consequences. In the light of that, the Committee had re-examined in detail the desirability of such an option. While it would be beneficial for some existing borrowers, there were concerns that a cut in Bank Rate might prove counterproductive for aggregate demand as a whole. Staff analysis had concluded that a further cut in Bank Rate would be likely to cause a reduction in the profitability of some lenders, especially building societies, because of the prevalence of loans with interest terms contractually or closely linked to Bank Rate. That would weaken their balance sheets and they might have to respond by increasing other loan rates or restricting lending. Viewed against the backdrop of the Funding for Lending Scheme (FLS), and the potential for building societies to play a material role in increasing lending, the Committee judged that it was unlikely to wish to reduce Bank Rate in the foreseeable future. The MPC voted 8:1 for no change to Bank Rate and asset purchases. David Miles voted for a £25bn uplift in QE. http://www.bankofengland.co.uk/publications/minutes/Documents/mpc/pdf/2012/mpc1211.pdf Quote Link to comment Share on other sites More sharing options...
Biggus Posted November 21, 2012 Share Posted November 21, 2012 The MPC voted 8:1 for no change to Bank Rate and asset purchases. David Miles voted for a £25bn uplift in QE. This must what it was like to live in Rome at the time Caligula made his horse a senator. All one can do is face-palm the abject stupidity of the Bank. There is no reasoning with them. They are insane. Quote Link to comment Share on other sites More sharing options...
LiveinHope Posted November 21, 2012 Share Posted November 21, 2012 44 months....have the banks taken enough 40% deposits from idiots to allow them to hammer down prices ? +1 Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted December 6, 2012 Author Share Posted December 6, 2012 I bet you can't guess what they did? Quote Link to comment Share on other sites More sharing options...
koala_bear Posted December 6, 2012 Share Posted December 6, 2012 I bet you can't guess what they did? Nothing... How unexpected! I suspect they may try to avoid doing anything unless the economy really starts to slide before we get the new Gov'nor. We are in what the US would describe as lame duck season. Carney will need to formulate a QE exit plan very early on even if it stays on the shelf for 4 years. If the Christmas period has been bad for trade and lots of firm hit the wall in January then I could see them going for a mini bout of QE in February as an outside chance but I suspect they believe FLS is doing all their work for them at the moment. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted January 10, 2013 Author Share Posted January 10, 2013 http://www.bbc.co.uk/news/business-20972487 Wot no bump but a new thread? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 20, 2013 Author Share Posted February 20, 2013 http://uk.reuters.com/article/2013/02/20/uk-bank-bond-idUKBRE91J0CN20130220 The Bank of England's Monetary Policy Committee was split 6-3 on more bond purchases earlier this month, unexpectedly reviving the prospect that the central bank might restart its quantitative easing programme.Bank of England governor Mervyn King, executive director for markets Paul Fisher and external MPC member David Miles all voted for an increase in the central bank's bond purchases to 400 billion pounds from 375 billion pounds. An extra £25bn of funny money to save the economy. Quote Link to comment Share on other sites More sharing options...
doomed Posted February 20, 2013 Share Posted February 20, 2013 http://uk.reuters.com/article/2013/02/20/uk-bank-bond-idUKBRE91J0CN20130220 An extra £25bn of funny money to save the economy. What exactly do they think printing another £25bn will solve? I really do feel I am starting to go insane. I hope these bast@rds pay the price when the time comes, but I doubt it. Quote Link to comment Share on other sites More sharing options...
motch Posted February 20, 2013 Share Posted February 20, 2013 What exactly do they think printing another £25bn will solve? I really do feel I am starting to go insane. I hope these bast@rds pay the price when the time comes, but I doubt it. keep it all running flat for a month or two. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted February 20, 2013 Share Posted February 20, 2013 keep it all running flat for a month or two. Before they decide to increase it to a nice round £500bn. Remember, Osborne's bogus austerity is only about pretending to bring the deficit down... while actually borrowing and spending as much as possible. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted March 7, 2013 Author Share Posted March 7, 2013 http://www.bbc.co.uk/news/business-21697605 The Bank of England's rate-setting committee has kept interest rates at 0.5% and rejected calls to inject more stimulus into the economy. And todays shock news is.... Quote Link to comment Share on other sites More sharing options...
The Preacherman Posted March 7, 2013 Share Posted March 7, 2013 Any bets on when this thread will become redundent? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 4, 2013 Author Share Posted April 4, 2013 It's that time of the month again. Quote Link to comment Share on other sites More sharing options...
SHERWICK Posted April 4, 2013 Share Posted April 4, 2013 It's that time of the month again. Does merve have to write another letter explaining why he's been a naughty boy? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted May 1, 2013 Author Share Posted May 1, 2013 An early bump. Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted May 1, 2013 Share Posted May 1, 2013 An early bump. Will QE be extended tomorrow? Quite possible IMHO. Quote Link to comment Share on other sites More sharing options...
M21er Posted May 9, 2013 Share Posted May 9, 2013 No change to IRs / QE Quote Link to comment Share on other sites More sharing options...
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