Leekbrookgull
Well-known member
Important ? 
http://www.bbc.co.uk/news/business-35117405
http://www.bbc.co.uk/news/business-35117405
Got something to say or just want fewer pesky ads? Join us... 😊
US Federal Reserve.
- Thread starter Leekbrookgull
- Start date
Beach Hut
Brighton Bhuna Boy
Makes no difference to the UK the only way interest rates will go up is when the housing market is reigned in
LamieRobertson
Not awoke
One could say that the housing market could be reigned in by increasing interest rates....Carney has indicated that he isen't looking to increase ..but then he said at the beginning of the year he would and hasn't...work that one out
Beach Hut
Brighton Bhuna Boy
Totally flawed and would result in multiple mortgage defaulting as everyone assumes low interest rates are the norm now.
Veterans will remember 15% interest rates
Ernest
Stupid IDIOT
Will be some people ruined if interest rates rise here, too many have thought that they would stay low forever
Mellor 3 Ward 4
Well-known member
Can't see UK interest rates rising for the foreseeable future, at least 9 months to a year.
With Oil prices still falling, and inflation at 0.1% there's no pressure for a rate rise.
With Oil prices still falling, and inflation at 0.1% there's no pressure for a rate rise.
LamieRobertson
Not awoke
I'm not saying it is going to happen...but raising rates has been used as a weapon to deflate a housing bubble...seeing as this 'recovery' was built on rising house prices...they are going have to be very careful ...oh yes and I remember those rates ....remember the day (Lamont?) base rate went up 3% to protect the pound against the mark...horrible times..I was working for a bank in commercial mortgages ...total mess....I just think Carney is a bit strange in his comments
Ernest
Stupid IDIOT
Tories are going to be caught between a rock and a hard place soon, the long term economic plan might just turn out to be a dud
Mellor 3 Ward 4
Well-known member
Mellor 3 Ward 4
Well-known member
But maybe a small rise wouldn't be a bad thing as it would slow house price rises down.
And give savers some cheer.
Beach Hut
Brighton Bhuna Boy
There are better rates for savers if you shop around, just bunged all my dosh into my current account as 3% but taxed far better then the shitty building society interest rate
Leekbrookgull
Well-known member
- Thread starter
- #14
Beach Hut,welcome to Isle of Man !!!!!!!!!!!!!!!!
Beach Hut
Brighton Bhuna Boy
As an ardent blue in more ways than one you are very correct, the economic plan required to get us out of this mess is extremely difficult and there is a very thin line to get it exactly right.
However the economy is improving but the figures on jobless are slightly massaged
Hampster Gull
New member
- Dec 22, 2010
- 13,462
The longest ever signalled move
I can't see Carney using interest rates to put the brakes on housing. He's alluded to using other more specific tools to do this if he needs to.
LamieRobertson
Not awoke
Oh I agree.....but if he doesn't think a brake needs to be put on rising house prices (south east only?) at the moment.....I wonder when he thinks he should
I wonder if we have been historically sold a lemon regarding interest rates, I grew up in a time when interest rates were seen to control every part of our economic life.
Even when we seem to have eased out of economic meltdown we still have an interest rate that will not be back to our usual levels perhaps for a few years and our economy seems working quite well.
Did we always need to be hammered with interest hikes previously ??
For the record we need to treat economists like football managers, make them more accountable why do they seem to misjudge another set of data and how this might effect future rates blah blah. lets have a league table for this lot.
Even when we seem to have eased out of economic meltdown we still have an interest rate that will not be back to our usual levels perhaps for a few years and our economy seems working quite well.
Did we always need to be hammered with interest hikes previously ??
For the record we need to treat economists like football managers, make them more accountable why do they seem to misjudge another set of data and how this might effect future rates blah blah. lets have a league table for this lot.