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Guest muttley

Rate Hike Possibility Increases

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Guest muttley

The Daily Telegraph are spinning the MPC split decision as a forebearer of rising rates

Rate Hike Possibility Increases

It doesn't matter if whether they are right or wrong. The message is being sent to the general public. You cannot spend your way out of debt. Even the prime-minister-in-waiting seems to understand this now.

Much is made on this site of the effects of higher IRs on new home owners, MEWers and the prodigal spenders in general.Whilst it is true that there will be losers on the periphery in the event of a modest increase in IRs, this will not be enough to tip the economy into recession. What matters is what the majority do. When the masses decide it is time to rediscover the habit of saving, it will push the economy into recession much quicker than a few profligates going bankcrupt.

The next IR move is probably up, but you don't have to pin all of your hopes on it, fellow HPCers.

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Guest Bart of Darkness

A rate rise is looking more and more likely because these kind of articles and comments are now appearing more often.

In the run up to the last decision there was no groundwork being laid, hence no rate rise.

The general public is being prepared (insofar as they can be) for what's coming.

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