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Bank of England to send new rates message in last year before Brexit

https://uk.reuters.com/article/uk-britain-boe/bank-of-england-to-send-new-rates-message-in-last-year-before-brexit-idUKKBN1FS00P

 

"The Bank of England is expected to say on Thursday that another interest rate increase could be nearing as Britain’s economy grows faster than expected ahead of its departure from the European Union in just over a year’s time."

 

Comedy gold.


Why did no one see this coming.

 

#BrownPantsTime

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49 minutes ago, TheCountOfNowhere said:

Bank of England to send new rates message in last year before Brexit

https://uk.reuters.com/article/uk-britain-boe/bank-of-england-to-send-new-rates-message-in-last-year-before-brexit-idUKKBN1FS00P

 

" The housing market, which is key for consumer confidence, has steadily lost momentum since the Brexit vote. "

No it hasn't -  prices have still been racing up, unfortunately.

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52 minutes ago, TheCountOfNowhere said:

Bank of England to send new rates message in last year before Brexit

https://uk.reuters.com/article/uk-britain-boe/bank-of-england-to-send-new-rates-message-in-last-year-before-brexit-idUKKBN1FS00P

 

"The Bank of England is expected to say on Thursday that another interest rate increase could be nearing as Britain’s economy grows faster than expected ahead of its departure from the European Union in just over a year’s time."

 

Comedy gold.


Why did no one see this coming.

 

#BrownPantsTime

This is just a political statement, means nothing in reality.

They will raise rates when they have no other option, but now can sit tight.

Edited by warrior88

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4 minutes ago, warrior88 said:

They will raise rates when they have no other option, but now can sit tight.

Getting behind a curve isn't a very clear process. The concerns expressed by the dissenting members of the MPC is that too little now will mean too severe a response later in the year or post-independence. So it's not clear they can sit tight, especially when wage pressure has raised its head in the UK. I'm 95% expecting what we've been promised, but nothing is certain now.

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1 hour ago, TheCountOfNowhere said:

Bank of England to send new rates message in last year before Brexit

https://uk.reuters.com/article/uk-britain-boe/bank-of-england-to-send-new-rates-message-in-last-year-before-brexit-idUKKBN1FS00P

 

"The Bank of England is expected to say on Thursday that another interest rate increase could be nearing as Britain’s economy grows faster than expected ahead of its departure from the European Union in just over a year’s time."

 

Comedy gold.


Why did no one see this coming.

 

#BrownPantsTime

This means only one thing: the next move in rates is down!

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19 minutes ago, warrior88 said:

This is just a political statement, means nothing in reality.

They will raise rates when they have no other option, but now can sit tight.

You dont get ti yet do you.  Interest rates are rising.

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7 minutes ago, crouch said:

This means only one thing: the next move in rates is down!

I seem to recall several trolls saying this last year....unfortunately ( for them ) they were wrong.

 

They are still wrong.

 

The US are raising rates.  The UK MUST follow.

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The UK's growth prospects have improved!

Median GDP:
- 2018 +1.8% versus +1.6% previous
- 2019 +1.8% versus +1.7% previous
- 2020 +1.7% versus +1.7% previous

raw

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7 minutes ago, TonyJ said:

Bank of England leaves interest rates on hold but hints that hike is coming - business live

Gotta make some room to lower when the recession hits innit bruv

Edited by Barnsey

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28 minutes ago, darkmarket said:

...especially when wage pressure has raised its head in the UK.

In truth, the only inflation they care about, and the only good inflation for the non-indebted.  Can't have that getting out of hand, can we?

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I bet he and his millions of pounds are really gutted they've been found out. I'm sure he'll find some way to cope with the embarrassment 

Edited by chronyx

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16 minutes ago, spyguy said:

Oh dear.

Looks like Carneys rep is starting to blow up.

FT has a big read on Canada's housing bubble/home loan crisis - calling it what it is.

https://www.ft.com/content/8cb9f0fa-0a61-11e8-839d-41ca06376bf2

Comments are pointing the finger.

Best news in a long time, and there's been no shortage of good news lately.

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26 minutes ago, zugzwang said:

The UK's growth prospects have improved!

Median GDP:
- 2018 +1.8% versus +1.6% previous
- 2019 +1.8% versus +1.7% previous
- 2020 +1.7% versus +1.7% previous

raw

Nothing to do with US rates then?

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Private sector debt actually accelerated after 2007 (when Carney took over) and has been running in excess of 10% p.a. more or less continuously ever since.

They're doomed.

screen_shot_2016-07-10_at_9.54.08_am.png

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54 minutes ago, darkmarket said:

Getting behind a curve isn't a very clear process. The concerns expressed by the dissenting members of the MPC is that too little now will mean too severe a response later in the year or post-independence. So it's not clear they can sit tight, especially when wage pressure has raised its head in the UK. I'm 95% expecting what we've been promised, but nothing is certain now.

A 'too severe response later' suits me just fine.

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  • 407 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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