Wednesday, December 29, 2010

Lone voice of MPC

Savers set for New Year boost as Bank of England hints at interest rate rais

Higher interest rates are needed to boost savers’ paltry incomes and keep rising inflation under control, a leading Bank of England economist said yesterday

Posted by waitingtobuy @ 08:53 PM (2288 views)
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12 thoughts on “Lone voice of MPC

  • yeah, whatever. Someone needs to say to sentance “Oi! Sentance! Talk to the hand! Cos you’re all F-ing useless!”

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  • Comes to something when as a prudent saver you can’t even be positive about talk of a rise in interest rates any more, eh.

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  • Too late matey. Silver, gold and oil all the way.

    Too late, too late will be the cry when all that has gone has past you by.

    You can only play the cash solvent for so long before trust evaporates along with the currency.

    Now how much interest will you pay for the risk of holding paper in a currency war? Never enough.

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  • ‘Higher interest rates are needed to boost savers’ paltry incomes and keep rising inflation under control, a leading Bank of England economist said yesterday.’

    Can you see what it is yet? lol. The oxymoronians keep trying to spin it. Fess up for once, and admit the real reasons.

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  • Two weeks before all MPC meetings someone trots out all this “be kind to savers stuff”. Then nothing happens at the MPC.

    This has been going on for over a year now – ask Paul!

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  • 3. alan

    The so called ‘boost’ (like their doing savers a favour) has already been stolen a few times over to date.

    It has become an endless circle of deceit whichever way it’s sliced.

    The old adage of “Judge a tree by the fruit that it bears.” still holds up, even in these times.

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  • I’m still betting on a resumption of QE in May 2011.

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  • Monsanto alone offers a better boost. Check their charts to see what’s coming.

    The Frankenstein food pushers tighten the bolts and remove the labels.

    Again, “Hyperinflation, food shortages”

    Still disagree with me paul? Not long now!

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  • general congreve says:

    Yep, they’ll bang that QE right up.

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  • The ‘hint’ is just to keep savers on the hook while they are continually fleeced. I wouldn’t rule out a token increase of 0.25% but all in all savers appear to be the cannon fodder of this battle.

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  • They can do what they want now. I have recently withdrew 20k from my savings to play around with in the AIM. I am up 9.8k in 4 months. I won’t be going back to using saving accounts. They simply are a joke at the moment.

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  • who stole my pension? says:

    For savers to get any real return interest rates have to be at least the rate of inflation (RPI is presently approx 5%). In addition, to compensate savers for the risk of loosing their money when putting it in a bank (the government cannot afford to cover the guarantee) I reckon saving rates need to be approx 10%. This the BOE will never do. So savers are best of moving there money somewhere else. A paltry increase in interest rates to 1% will not save the saver. At the moment all the BOE wants to do is save the borrower by stealing from the saver.

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