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TheCountOfNowhere

Carney Speaks About Lowering Interest Rates And Qe -Merged

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In my view, and I am not pre-judging the views of the other independent MPC members, the economic outlook has deteriorated and some monetary policy easing will likely be required over the summer.

Speech

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There was a stupid woman reporter on the telly the other.

She was discussing the BoE and IRs.

Said the standard stock response 'Good for mortgages'

What she failed to say, as they do not think that far ahead is that further QE will wipe out most pensions funds.

If they carry on with QE they also need to put a stop on people retiring - As a result of continued QE, nobody can retire until IR reach 3%.

My take is that he won't.

The value of the pound and further Gilt purchases must be wieghing heavily on their minds.

We are probably closer to a sterlign crisis than anyone will admit to.

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Bugger!

Well, I guess I'll be getting an email from Virgin Money stating that they are cutting my ISA from 1.1% to 0.26%. :rolleyes:

Edited by MattW

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petition to have Carney sacked.

Yeah. That's an odd one.

No proper government per se.

And this 'transition' government that sacks all their key bureaucrats.

With this it will be perceived as risk to the US, so expect some measures from abroad.

Hey, it's only a few decades of prosperity and progress that is going to get wiped out.

I hope everybody enjoys potatoes and own-brand baked beans.

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