Jump to content
House Price Crash Forum
Sign in to follow this  
Jason

Slump In Confidence Provides Challenge To The Mpc

Recommended Posts

The Nationwide Consumer Confidence Index fell by 4 points to 94 in February, and is 16 points down on a year ago

This was the 9th fall in 12 months

For the first time since the index began in May 2004 all four indices have fallen in the month

Confidence in the Present Situation has reached its lowest ever level

Excerpt:

Peoples' optimism about house prices fell for the second consecutive month in February, with the continued decline suggesting that the housing market may be beginning to stabilise. Consumers now expect house prices to rise 2.4% over the coming six months, down from 2.6% in January, bringing consumers' predictions more in line with Nationwide's own forecast of a 0-3% change over the year.
Edited by Jason

Share this post


Link to post
Share on other sites
Guest Winners and Losers

If they reduce rates, my avatar will kiss TTRTR's avatar.

Share this post


Link to post
Share on other sites

This report has been released on the quiet, like last month. The Nationwide has used this report to do exactly as you say, to encourage the MPC to cut when there is a small chance of a cut in IRs.

The BBC reported this:

November: http://news.bbc.co.uk/1/hi/business/4506048.stm

December: http://news.bbc.co.uk/1/hi/business/4600826.stm

But they never reported January's report! And I bet they don't report this months.

It's all spinnnn...

Edited by Jason

Share this post


Link to post
Share on other sites

My consumer confidence is sure down: because the idiots are trashing the pound with their artificially low interest rates. As a result, my spending will be about 10k pounds lower this year than I was planning, because I'm likely to lose several thousand in the exchange rate drops they're causing.

I've completely cut all non-essential spending until and unless the exchange rates improve: which will only happen when the BoE start raising rates.

Edited by MarkG

Share this post


Link to post
Share on other sites

I love this place sometimes, even the negative news must have an agenda :lol: Having swapped e-mails with Ms Earley over the past few months and found her to be sound, perhaps the Nationwide is just telling it like it is? Nah.. :D Not good enough, they`re all in on it I tell ya :P

Share this post


Link to post
Share on other sites
I love this place sometimes, even the negative news must have an agenda :lol: Having swapped e-mails with Ms Earley over the past few months and found her to be sound, perhaps the Nationwide is just telling it like it is? Nah.. :D Not good enough, they`re all in on it I tell ya :P

The Nationwide usually release data on a press release, but this report wasn't released. So those that reported it (or mentioned it like me) had to remember to look for it!

They're using bad news to sway the MPC I tell ya!

Share this post


Link to post
Share on other sites

The Nationwide usually release data on a press release, but this report wasn't released. So those that reported it (or mentioned it like me) had to remember to look for it!

They're using bad news to sway the MPC I tell ya!

:lol::lol: Nice one Jason ;)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.