Uk Interest Rates To Rise This Year And Could Peak At 5Pc

[Jason]

You know I did a spreadsheet on historical rates, and different averages:

http://www.housepricecrash.co.uk/forum/index.php?showtopic=40360

Might be of some interest to some.

[Ash4781]

So what is the new market path for interest rates? One rise of ? Size penciled in for 2014. Short term. Also some major lenders stopped offering trackers To new customers as they said could not be competitive. FT posted fixed mortgage rates graphs which showed rises. Presumably a mad scramble and repricing after Carney's comments.

[frederico]

Interest rates are going to follow inflation, I unless for some reason they want to bankrupt businesses and home owners for no good reason.

Carney is talking the talk, like Osborne is trying to get everyone happy before the election.

None of the current bunch are going to fix anything, they will only act when forced to and blame it on someone else.

[winkie]

To be fair they can do a lot to deflate house prices whilst still keeping interest rates the same......interest rate movement is required for other reasons other than hpi which comes lower down on the list.

[okaycuckoo]

Can our Interest rates really rise given what the ECB are now doing?

I mean is this not just a vague speech to satisfy those concerned about HPI to tide us over until the election?

I guess so. It's showbiz, literally. FT's comment is wise.