TheCountOfNowhere Posted November 4, 2016 Share Posted November 4, 2016 Now, where have we heard that before...oh yes the shiesters at the BoE http://news.sky.com/story/bank-of-england-left-embarrassed-by-forecast-u-turn-10642959 may have to hike interest rates after all. Will believe it when I see it Quote Link to comment Share on other sites More sharing options...
Shrink Proof Posted November 4, 2016 Share Posted November 4, 2016 Carney was interviewed on BBC News yesterday. Well, that's using the word interview in tis softest, wolliest most unthreatening sense. The interviewer concluded the piece by saying that the current financial climate meant that there was now a real chance that interest rates could be cut or raised... Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted November 4, 2016 Author Share Posted November 4, 2016 16 minutes ago, Shrink Proof said: Carney was interviewed on BBC News yesterday. Well, that's using the word interview in tis softest, wolliest most unthreatening sense. The interviewer concluded the piece by saying that the current financial climate meant that there was now a real chance that interest rates could be cut or raised... Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted November 4, 2016 Share Posted November 4, 2016 (edited) 32 minutes ago, Shrink Proof said: Carney was interviewed on BBC News yesterday. Well, that's using the word interview in tis softest, wolliest most unthreatening sense. The interviewer concluded the piece by saying that the current financial climate meant that there was now a real chance that interest rates could be cut or raised... Central bankers are God and they don"t do mere mortal interviews. Reminds me of when Jonathan Agnew was swiftly put down by Mervyn King onTMS or asking the wrong questions to do with the economy. Ok it was a cricket programme but it was clear that Agnew was a mere ant beside the mighty King and was easily crushed. And clearly Agnew needed to know the proticol.. you just don't ask CBs searching questions. Edited November 4, 2016 by crashmonitor Quote Link to comment Share on other sites More sharing options...
SarahBell Posted November 4, 2016 Share Posted November 4, 2016 8% would be a start. I'd not flinch if they went to 12% The sad thing is most debtors would be in trouble at 1% increase. Quote Link to comment Share on other sites More sharing options...
MattW Posted November 4, 2016 Share Posted November 4, 2016 4 hours ago, TheCountOfNowhere said: Will believe it when I see it Same here! * crosses everything * Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted November 4, 2016 Share Posted November 4, 2016 1 hour ago, SarahBell said: The sad thing is most debtors would be in trouble at 1% increase. I would argue that a lot of debtors would be in trouble at a 0.25% increase. 0.25 at the central rate would be what? a factor of four higher, if not more at the commercial banks? I work in a town (Aberdeen) where like London, many eejit people on ridiculous salaries or contractor rates are into their overdrafts by the first week in each month. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted November 4, 2016 Share Posted November 4, 2016 Zero chance of a rate rise. Good chance of a rate cut though. Quote Link to comment Share on other sites More sharing options...
adamLancs Posted November 4, 2016 Share Posted November 4, 2016 35 minutes ago, cashinmattress said: I would argue that a lot of debtors would be in trouble at a 0.25% increase. 0.25 at the central rate would be what? a factor of four higher, if not more at the commercial banks? I work in a town (Aberdeen) where like London, many eejit people on ridiculous salaries or contractor rates are into their overdrafts by the first week in each month. I'd bet it won't take more than a 1% rise in IR's to bring the whole thing down again. QE is the chosen weapon because the masses don't understand it's ill-effects well enough to resist it. Most of this talk is posturing to shore up the £. The FED did several years of it before they put rates up 0.25%. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted November 4, 2016 Share Posted November 4, 2016 You mean back to 0.5%??? Quote Link to comment Share on other sites More sharing options...
Venger Posted November 4, 2016 Share Posted November 4, 2016 (edited) 51 minutes ago, cashinmattress said: I would argue that a lot of debtors would be in trouble at a 0.25% increase. 0.25 at the central rate would be what? a factor of four higher, if not more at the commercial banks? I work in a town (Aberdeen) where like London, many eejit people on ridiculous salaries or contractor rates are into their overdrafts by the first week in each month. Clear them out and make way for sound money from renter-savers becoming owners. The millions carrying the weight of the bubble chasers, spendaholics and long-wave mad-gainz hpiers. Is oil money has spent away massive salaries, with debt on top, find it out. Including one Aberdeener with loads of BTLers and 'foreverHPI' lecturing over since 2009. Edited November 4, 2016 by Venger Quote Link to comment Share on other sites More sharing options...
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