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SCUMBAG

Boe To Raise Rates By 0.5%

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Summary

* City expect interest rates to move up by 0.5% (a view encouraged by BOE).

* Said global stock market is now in a bear market

* We would be lucky to escape a general economic slowdown in the coming months

* Global interest rates rising caused by fear of rising inflation

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Summary

* City expect interest rates to move up by 0.5% (a view encouraged by BOE).

* Said global stock market is now in a bear market

* We would be lucky to escape a general economic slowdown in the coming months

* Global interest rates rising caused by fear of rising inflation

I'm guessing the 0.5 rise in rates is over a few months!

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I'm guessing the 0.5 rise in rates is over a few months!

I think they said that yes. Bloody Channel 4 fire information like this so fast it's difficult to get it all. They dedicated most of the show to Al Zebidee in a 'This Is Your Life' style obituary. I was doing the dishes when this came on. Caught most of it though. Whole thing only lasted about 2 minutes. I typed the above out as it was on.

Edited by SCUMBAG

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Guest Bart of Darkness

I don't see the MPC pussies going for it, personally.

I'm tending towards that view myself.

Still, the next 2 MPC meetings should have more potential for a development of some kind, I'd actually forgotten that it was "that time of the month" again due to my low expectation of any change this month.

Edited by Bart of Darkness

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Summary

* City expect interest rates to move up by 0.5% (a view encouraged by BOE).

* Said global stock market is now in a bear market

* We would be lucky to escape a general economic slowdown in the coming months

* Global interest rates rising caused by fear of rising inflation

You missed April Fools Day.

:unsure:

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I'm tending towards that view myself.

Still, the next 2 MPC meetings should have more potential for a development of some kind, I'd actually forgotten that it was "that time of the month" again due to my low expectation of any change this month.

wait for the minutes bro, they should shed some light on things. Watch a few arses get twitchy if it turns out 3 or 4 voted for a rise. The momentum is quite clear, but is interesting that the markets are so fragile that they plummet on even the threat of a rise.

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wait for the minutes bro, they should shed some light on things. Watch a few arses get twitchy if it turns out 3 or 4 voted for a rise. The momentum is quite clear, but is interesting that the markets are so fragile that they plummet on even the threat of a rise.

Agreed - It will also be interesting to see if Danny Blanchflower David Blanchflower is a Hawk or a Dove?

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Agreed - It will also be interesting to see if Danny Blanchflower David Blanchflower is a Hawk or a Dove?

MPC's failure to act positively today by raising IRs was a mistake; paradoxically had they acted, unwelcome as it would have been to many, it would have calmed sentiment because it would have sent a clear signal that they have teeth and the intent to fight inflation.

Sitting on their hands, as if paralysed, makes them look exceedingly foolish.

Edited by Red Baron

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Guest Charlie The Tramp

wait for the minutes bro, they should shed some light on things. Watch a few arses get twitchy if it turns out 3 or 4 voted for a rise. The momentum is quite clear, but is interesting that the markets are so fragile that they plummet on even the threat of a rise.

If the followng members voted for a rise they will go up July, voted for a hold then another hold next month. ;)

Mervyn King, Governor

Sir John Gieve, Deputy Governor

Rachel Lomax, Deputy Governor

Paul Tucker

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  • 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%



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