Maghull Mike Posted May 2 Share Posted May 2 https://news.sky.com/story/uk-interest-rates-should-stay-higher-for-longer-oecd-says-in-boost-for-bank-of-england-strategy-13126943 Quote Link to comment Share on other sites More sharing options...
msi Posted May 2 Share Posted May 2 No Giant Font ? Quote Link to comment Share on other sites More sharing options...
Stewy Posted May 2 Share Posted May 2 D-20 until the pressure ramps massively for an interest rate hack. Quote Link to comment Share on other sites More sharing options...
Sackboii Posted May 2 Share Posted May 2 Just now, Stewy said: until the pressure ramps massively for an interest rate hack It’s just that it isn’t yet. Quote Link to comment Share on other sites More sharing options...
Stewy Posted May 2 Share Posted May 2 2 minutes ago, Sackboii said: It’s just that it isn’t yet. Patience...it's on its way. Tick tock... ✓ Quote Link to comment Share on other sites More sharing options...
Sackboii Posted May 2 Share Posted May 2 2 minutes ago, Stewy said: Patience...it's on its way. Tick tock... ✓ Of course! As I’ve said before, from a selfish viewpoint, my bond holdings value will rocket on a cut. Just don’t think any definition of the word ‘imminent’ you’ve used for the last 6-8 months adequately describes when. Quote Link to comment Share on other sites More sharing options...
Pebbles Posted May 2 Share Posted May 2 24 minutes ago, msi said: No Giant Font ? NoBrOkEn CaPsLoCk ? Quote Link to comment Share on other sites More sharing options...
msi Posted May 2 Share Posted May 2 31 minutes ago, Pebbles said: NoBrOkEn CaPsLoCk ? Say something moronic and I'll oblige.... Quote Link to comment Share on other sites More sharing options...
Timm Posted May 2 Share Posted May 2 25 minutes ago, msi said: Say something moronic and I'll oblige.... Quote "The fiscal and monetary policy mix is adequately restrictive and should remain so until inflation returns durably to target," the OECD's economic outlook for 2024 said. Well, since inflation will be close to 2% at the next report, we can expect rate cuts this summer!!! 👍🍷🍷✔️✔️✔️ Quote Link to comment Share on other sites More sharing options...
winkie Posted May 2 Share Posted May 2 1 hour ago, Stewy said: Patience...it's on its way. Tick tock... ✓ Long time dead.........nobody should want to see desperate measures again unless will profit from desperate times, some do and always will do. Quote Link to comment Share on other sites More sharing options...
Locke Posted May 2 Share Posted May 2 State-suppressed interest rates were like a crazy chick with big boobs for people who took out debt. She'll let you shag her any time, any way, anywhere. You think you're in love. The good times will last forever. Then, one day, she ghosts you. You call and call, certain she'll come back. The new reality of girls who won't just do what you want is not acceptable. That spark is not there. I have to work to service my debt? I can't just get a loan for a new truck? My ex would just give me blow jobs, why can't you? Eventually, you get used to the new normal, but the wild times you experienced will always leave you jaded. Quote Link to comment Share on other sites More sharing options...
fellow Posted May 2 Share Posted May 2 2 hours ago, Maghull Mike said: https://news.sky.com/story/uk-interest-rates-should-stay-higher-for-longer-oecd-says-in-boost-for-bank-of-england-strategy-13126943 "One of the world's leading economic authorities has warned the UK that borrowing should remain expensive until the rate of price rises eases further and stays there. Interest rates, which are at a post-2008-era high of 5.25%, should stay there, according to the Organisation for Economic Co-operation and Development (OECD)." So the OECD are effectively saying that businesses would prefer high interest rates to high inflation, giving their approval for BOE to hold rates for as long as they want. Quote Link to comment Share on other sites More sharing options...
Huggy Posted May 2 Share Posted May 2 17 minutes ago, Timm said: 👍🍷🍷✔️✔️✔️ 🌱 Quote Link to comment Share on other sites More sharing options...
Stewy Posted May 2 Share Posted May 2 4 minutes ago, fellow said: "One of the world's leading economic authorities has warned the UK that borrowing should remain expensive until the rate of price rises eases further and stays there. Interest rates, which are at a post-2008-era high of 5.25%, should stay there, according to the Organisation for Economic Co-operation and Development (OECD)." So the OECD are effectively saying that businesses would prefer high interest rates to high inflation, giving their approval for BOE to hold rates for as long as they want. That implies cutting rates yesterday. 🌱 Quote Link to comment Share on other sites More sharing options...
Dreamcasting Posted May 2 Share Posted May 2 Interest rates at 5.25/5.5% are far too low to have much effect i'm afraid. The media however is doing a fine job in convincing people that they're high. When US inflation continues to accelerate over the coming months, at what point do the fed act by putting rates up again? Does inflation have to get to 10% for them to act with a puny 0.25% raise? I only refer to the fed here because we all know that Bailey and gang are incapable of making their own decision. Luckily for Bailey though, he has a bunch of doves at the federal reserve. Quote Link to comment Share on other sites More sharing options...
fellow Posted May 2 Share Posted May 2 1 minute ago, Stewy said: That implies cutting rates yesterday. 🌱 No it doesn't. It implies CPI needs to fall below 2% for several months before the BOE should consider cutting rates. Quote Link to comment Share on other sites More sharing options...
Social Justice League Posted May 2 Share Posted May 2 Agree the FED and the BOE are doing the worst job they possibly can 'controlling inflation'......lol Everyone can see through them and our current inflation figure. It's much higher. We are easily running at 10%+ now imo. Quote Link to comment Share on other sites More sharing options...
Sackboii Posted May 2 Share Posted May 2 15 minutes ago, Stewy said: That implies cutting rates yesterday. 🌱 No, you infer cutting rates from it. ✔️ Quote Link to comment Share on other sites More sharing options...
Blobsy Posted May 2 Share Posted May 2 Sorry Stewy, my ‘Diddums’ box has run dry. I do have a ‘Hopes and Prayers’ left for you though. Quote Link to comment Share on other sites More sharing options...
winkie Posted May 2 Share Posted May 2 5 minutes ago, Blobsy said: Sorry Stewy, my ‘Diddums’ box has run dry. I do have a ‘Hopes and Prayers’ left for you though. Stewy will never be satisfied, has everything, says has everything, living the life, but still wants more and doesn't care who takes it from...... Quote Link to comment Share on other sites More sharing options...
Debt Slaves Posted May 2 Share Posted May 2 7 minutes ago, winkie said: Stewy will never be satisfied, has everything, says has everything, living the life, but still wants more and doesn't care who takes it from...... You would think Stewy would want high IR's just for his savings from his 200k per year job. Stewy also being mortgage free I can't see why he seems so desperate to convince people that IR's are going to drop ASAP. Quote Link to comment Share on other sites More sharing options...
Stewy Posted May 2 Share Posted May 2 7 minutes ago, Debt Slaves said: You would think Stewy would want high IR's just for his savings from his 200k per year job. Stewy also being mortgage free I can't see why he seems so desperate to convince people that IR's are going to drop ASAP. I don't argue from a V.I. I know that's difficult to understand here though... Quote Link to comment Share on other sites More sharing options...
winkie Posted May 2 Share Posted May 2 1 minute ago, Stewy said: I don't argue from a V.I. I know that's difficult to understand here though... Test us.......spell it out Stewy. Quote Link to comment Share on other sites More sharing options...
dpg50000 Posted May 2 Share Posted May 2 1 hour ago, Stewy said: I don't argue from a V.I. I know that's difficult to understand here though... No, you argue like an A.I. - a really s**t one. Quote Link to comment Share on other sites More sharing options...
Unmoderated Posted May 2 Share Posted May 2 5 hours ago, Sackboii said: Of course! As I’ve said before, from a selfish viewpoint, my bond holdings value will rocket on a cut. Just don’t think any definition of the word ‘imminent’ you’ve used for the last 6-8 months adequately describes when. Smart! Done the same. CGT free too. Need to find the ones with the highest modified duration while taking a bit of a hit on longer dated stuff since we don't know exactly when it'll happen. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.