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Bank Still Pursuing Loose Policy,why?

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At a time of above trend growth and rising inflation why are interest rates still so low.A neutral position would be GDP plus CPI equals Base Rate.the Base Rate is somewhat below that so borrowers are still getting free money.Why?

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At a time of above trend growth and rising inflation why are interest rates still so low.A neutral position would be GDP plus CPI equals Base Rate.the Base Rate is somewhat below that so borrowers are still getting free money.Why?

Ask Gordon Brown - hes the one who's in charge of all this

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Ask Gordon Brown - hes the one who's in charge of all this

IR set by BoE (cue they are all Brown cronies, etc, ad nauseum). You won't have to long to wait if markets have got it right - 0.25% in November. Still risks on downside as well as upside. Remember - BoE's remit is not to cause a housing price crash so that posters here can bottom feed.

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Remember - BoE's remit is not to cause a housing price crash so that posters here can bottom feed.

Really? - I distinctly remember Mervyn King stating categorically that the BoE does not target the housing market

They target inflation, within the remit of growth and government economic policy.

Pretty soon they will be faced with the tough choice of having to choose between growth/governmeny policy or inflation

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Really? - I distinctly remember Mervyn King stating categorically that the BoE does not target the housing market

They target inflation, within the remit of growth and government economic policy.

Pretty soon they will be faced with the tough choice of having to choose between growth/governmeny policy or inflation

Sorry - My bad phrasing caused confustion. I meant to say, BoEs remit does not include trying to cause an HPC for the convenience of this board.

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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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