Thursday, January 9, 2014

Help ! we’ve run out of ammo

Bank of England gives no further guidance on rates

The Bank of England has given no further guidance on when it might raise interest rates, after deciding to keep them on hold at 0.5% once again. There had been speculation that the Bank might have to refine its threshold for increasing rates. Back in August, governor Mark Carney said unemployment would have to decline to 7% before an interest rate rise would be considered. An improved economy has meant that could happen sooner than expected. The Bank also made no further addition to its £375bn bond-buying scheme known as quantitative easing (QE). Base rates have now been at 0.5% since March 2007.

Posted by jack c @ 12:39 PM (3393 views)
Please complete the required fields.



9 thoughts on “Help ! we’ve run out of ammo

  • …since March 2009.

    Reply
    Please complete the required fields.



  • BBC have amended the article to read March 2009 – good to know they are still regulars on this site !

    Reply
    Please complete the required fields.



  • stillthinking says:

    BBC, largest prosecutor in the UK apparently for non paying TV watchers who may or may not be watching the BBC.

    Reply
    Please complete the required fields.



  • Headline should say “People of England need no further guidance on rates” we all know what the decision will be well before they sit down for coffee – FFS!

    Reply
    Please complete the required fields.



  • Headline should say “People of England need no further guidance on rates” we all know what the decision will be well before they sit down for coffee – FFS!

    Reply
    Please complete the required fields.



  • Its amazing how fast time is passing by as I used to find the speculation as the whether rates may rise/fall or stay the same interesting, didn’t realise it’s nearly 4 years since the figure actually changed!

    Reply
    Please complete the required fields.



  • enuii – my thoughts exactly. Houses will probably crash just before we all die!

    Reply
    Please complete the required fields.



  • It’s nearly 5 years (not 4) since the rate last changed…

    But I agree with the sentiment – we used to await the rate announcement with great interest.

    Reply
    Please complete the required fields.



  • Why? Because the last guidance was not believed, and the market front ran the opposite to what BOE said, moving the market in the opposite direction it desired. BOE has started to understand that it does not control the market. This is a positive move forward. Maybe now it may begin listening to rather than trying to centrally plan the market.

    Humility is a wonderful thing.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>