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shavedchimp

Carney - Rates to rise in the 'relatively near term...'

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I don't think he's ever followed through on anything he has signalled in advance. In fact I think he does the opposite. Therefore the next move with rates will be down. 

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QE has artificially flattened the yield curve, and it's unprecedented so Carney doesn't actually know where rates are going. 

Credit markets for high-yield debt show rates will increase quickly there, government debt isn't high-yield but...

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Some one posted a graph in the other thread showing every November as a rate hiking call yet nothing materialises. Helping make the Christmas spending just that as opposed to borrowing? 

 

Seems to be cross interpretations of his words either way. 

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Its Carnage so it means very little.  I heard the spokesman for the destruction of wealth this morning on Radio 4 and it really is hard not to shout rude things at the radio.

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It's best to go to the aeosop fable  the boy who cried wolf. They very well could be going up in the near term but we can't be sure as based on past experience of the MPC. 

Edited by Ash4781

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1 hour ago, Monkey said:

In the short long term, rates may rise or lower or stay still, but be sure that we are making sure something may happen or not. 

Are you  sure that isn't not what's going to not happen?

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The good old Beeb on R2 have translated his comments to mean that rates are going up in the autumn.

Relatively near term, in the scheme of the universe, gives him another 1.4 million years of wiggle room.

So, I believe him. In that context.

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Hahahahahahahahahahahahaha! :lol:

 

As always with Central Banksters:

What they DO, not what they SAY.

 

This is a classic example - imply that interest rates will rise in order to induce the desired effects of a rise, without actually raising them.

 

 

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5 minutes ago, maverick73 said:

Nothing to do with timing... were all about to be squeezed by rising oil prices... a low pound + high oil prices is a volitile mixture?

Boom, Boom....

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3 hours ago, jiltedjen said:

November 0.25% rise seems reasonable and likely. not that it makes much difference.

the really interesting one is the following 0.5% rise end of 2018

Spot on, what difference does it make when CPI is up at 2.7%, up by 2.1% from 0.6% August 2016! Rates have effectively gone even more negative in the last year.

The 'independent' BoE are nothing more than an indebted governments puppet, trying desperately to keep the holed ship from sinking after it hit the 2007/8 iceberg.

Stability, :lol::lol::lol:

Ultimately of course we all know they just can't raise rates, certainly not above inflation. The deflation will get em...:wacko:

Edited by Noginthenog

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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