Tuesday, April 5, 2011

IR rise prospects being talked down

Interest rates rise delay expected

There seem to be plenty of economic commentators who want to squash the idea of an IR rise. MSN money say "Experts predict a deepening consumer spending slump will see rate setters remain in 'wait and see' mode until August at the earliest."

Posted by quiet guy @ 08:44 AM (2947 views)
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9 thoughts on “IR rise prospects being talked down

  • They say inflation is falling…… Brent crude touched $121 in last 12 hours (work out the impact yourself).

    Lots of big Vested Interests trying to swing things their way, methinks. Any excuse to get their own interests served is good enough.

    Small savers, Pfff, who are they? We are managed by plutocrats, via the banks and politicians these days. I don’t think I’m a conspiracy theorist either…

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  • Low interest rates has a negative effect on those who rely upon their savings, such as pensioners who haven’t bought an annuity or first time home buyers saving up for their deposits. With wages stagnant at best, the saving’s are reducing not increasing. If this situation continues I can see many priced out buyers leaving our shores. The great Ponzi scheme that is our housing market is broken.

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  • No doubt rates will stay at 0.5%.

    Another great move from the Liblabservatives.

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  • 1. alan said…They say inflation is falling…… Brent crude touched $121 in last 12 hours (work out the impact yourself).

    Who could have guessed alan? 🙂 And still we have war games in the middle east with Iran also on the menu.

    Does anyone one think these will be quick? Still long oil and .very much an inflationist.

    Le Crunch.

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  • Thecountofnowhere says:

    The 0.5% interest rates and the deliberate inflation generation is fraud of the highest order by the banking system.

    Those guilty should be locked up not left free to wreck more havoc.

    It’s shameful that we, as a country, have allowed these people to continue with their fraud.

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  • general congreve says:

    I’m sure they’ll find some semblance of decency and responsibility within themselves and put up the interest rates soon enough, they are bankers and politicians after all. Don’t even think about buying gold or silver to protect yourself, it’s totally unnecessary, they’ll ensure everything turns out brilliantly for the proles.

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  • sibley's b'stard child says:

    Nice find Jack, particularly enjoyed the sardonic final para:

    ‘Unfortunately, credibility is a much easier thing to lose than it is to gain, and especially difficult to regain if trust is lost. Policymakers will be hoping that imported inflation from rapidly growing emerging markets proves less sticky than some fear or else they may find themselves having to look for new definitions of medium term.’

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  • financial planner says:

    deflationary forces are stronger than inflationary ones. May the force etc etc

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