Friday, November 23, 2007

Lomax states the obvious to dampen rate cut speculation

Oil clouds rate cuts, Bank says

Rising energy prices are making it tricky to justify a cut in interest rates, the Bank of England's deputy governor Rachel Lomax has said.

Posted by tick tock @ 10:42 AM (1156 views)
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6 thoughts on “Lomax states the obvious to dampen rate cut speculation

  • With the crying from England fans and the crying from estate agents and landlords if rates stay as they are, I guess we can expect more flooding soon.

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  • A rate cut in December? Rising oil and metal prices food going up as well, I think the crystal ball needs replacing, anything to try and postpone the inevitable, give us a break!

    And go and put the kettle on luv.

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  • The whole rate cut story is a total red herring, to make the stupid people spend money this xmas and stop the ‘economy’ bombing out. It’s so obvious. There are no grounds to cut rates, but they’ve got to try and stop the negative panic that has started to set in with the average joe on the street. Fudge the whole thing a long just a bit longer to buy themselves a bit more time….. until…..Erh….Yes, yes, come on England, Keep binge drinking and watching celebrity Xfarce cos we’re REALLY going to f**** you over this time….

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  • “The whole rate cut story is a total red herring, to make the stupid people spend money this xmas and stop the ‘economy’ bombing out. It’s so obvious.”

    Yeah, that’s on the money. The Evening Standard is even claiming that mortgage providers are already cutting their rates (but not giving details at all).

    SO obvious.

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  • A .25% rate cut might put LIBOR back to where it was last week. Then again, it probably won’t. The market evidently doesn’t care what Mervyn King says about interest rates.

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  • Paul, I was just wondering if you were the paul who I had an email conversation with about a certain VI jerk-off on you tube, a few months back just before the crunch??!

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