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TheCountOfNowhere

Osborne Says Britain Must Be Ready For An Interest Rate Rise

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From the guardian link


Osborne insisted he was not responsible for the Financial Conduct Authority’s decision to drop a review into the culture of banking.

"That was a completely independent decision that I had no foreknowledge of, no advanced warning of. It’s got to be an independent decision for our banking regulator"

Amazingly irresponsible - the damaging economic consequences of the economic collapse (caused in no small part by the banks' behaviour) is a matter of national security.

On the thread topic: The pressure for a UK interest rate rise to follow the Fed seems to be building more and more by the day.

Edited by billybong

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From the bbc link


"Expectations of an interest rate hike have been pushed back by recent mixed UK economic data, a relapse in earnings growth and the likelihood that inflation will stay lower for longer, due to oil prices falling to new lows."

Interesting conclusion that rate hike expectations have been pushed back when there's plenty of headlines elswhere to suggest that a UK rate hike is now increasingly occupying both Osborne and Carney's thoughts.

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From the guardian link


So we’ve got to be ready. But ultimately, if and when interest rates go up, that will be a sign of a stronger economy that is normalising after the extraordinary crisis of seven or eight years ago.

For sure they'll try to pretend it's the sign of a stronger economy - a stronger economy like they claimed before the general election. So if the economy is so strong an interest rate rise must be imminent.

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From the bbc link

Interesting conclusion that rate hike expectations have been pushed back when there's plenty of headlines elswhere to suggest that a UK rate hike is now increasingly occupying both Osborne and Carney's thoughts.

Blah Blah Blah...the US have told us to raise rates.

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Didn't Osborne make a statement along the lines of a weak currency being the sign of a weak economy waaaay back in the late 90's/early 2000's? If so, this is kind of in line with that, being that higher interest rates generally mean a stronger currency and therefore inferring it will lead to a stronger economy. Or maybe I'm just talking pap!

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Yeah this, or rather, if we don't raise rates we'll attract zero investment.

Yep i think thats right.I expect they would like to hold the $1.50-$1.55 level.With our huge twin deficits they need to suck in money.Another big hit coming for leveraged BTL :lol:

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Yep i think thats right.I expect they would like to hold the $1.50-$1.55 level.With our huge twin deficits they need to suck in money.Another big hit coming for leveraged BTL :lol:

Where's that tiny violin photo.

It's all going wrong for the property investors....but there's a new series of Location x 3 starting tonight it seems, Phil, who has profited massively from the London mega bubble only to buy an over priced house in the shires...will save the market.

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Where's that tiny violin photo.

It's all going wrong for the property investors....but there's a new series of Location x 3 starting tonight it seems, Bankruptcy Phil (aka Phil the bankrupt), who has profited massively from the London mega bubble only to buy an over priced house in the shires...will save the market.

:rolleyes:

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Where's that tiny violin photo.

It's all going wrong for the property investors....but there's a new series of Location x 3 starting tonight it seems, Phil, who has profited massively from the London mega bubble only to buy an over priced house in the shires...will save the market.

It sure is.That £/$ rate matters.We import so much no government can afford to see it tank too low or quick.We have deflation now in spades but that would quickly turn if the £/$ hit $1.40.Plus the need to suck in investment is huge.

BTLers might be about to find out they arent a priority when a currency starts tanking.

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It sure is.That £/$ rate matters.We import so much no government can afford to see it tank too low or quick.We have deflation now in spades but that would quickly turn if the £/$ hit $1.40.Plus the need to suck in investment is huge.

BTLers might be about to find out they arent a priority when a currency starts tanking.

And Carney might find he isn't either.

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Pound dropping Osborne says prepare for rate rise shocker ...look we are doing well we can afford to raise IR nothing to see here feck off and pick on someone else

Edited by long time lurking

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It sure is.That £/$ rate matters.We import so much no government can afford to see it tank too low or quick.We have deflation now in spades but that would quickly turn if the £/$ hit $1.40.Plus the need to suck in investment is huge.

BTLers might be about to find out they arent a priority when a currency starts tanking.

Deflation, how so?

House prices are shooting up.

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Yep i think thats right.I expect they would like to hold the $1.50-$1.55 level.With our huge twin deficits they need to suck in money.Another big hit coming for leveraged BTL :lol:

So having cut IR's for all the wrong reasons they're going to raise them for all the wrong reasons.

Edited by Sancho Panza

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just go for it - raise them by half a percent and I doubt the skies will fall in

it's all a bit 'chicken little' to suggest that a small rise will lead to armageddon.

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The pound has been sinking faster with each month lately, like something is pulling it down with increasing force. Forget what US is doing, if the pound sinks interest rates here WILL go up, and not just by 0.25% either.

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