Leekbrookgull
Well-known member
Important ? http://www.bbc.co.uk/news/business-35117405
Makes no difference to the UK the only way interest rates will go up is when the housing market is reigned in
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
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
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
Will be some people ruined if interest rates rise here, too many have thought that they would stay low forever
But maybe a small rise wouldn't be a bad thing as it would slow house price rises down.
And give savers some cheer.
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
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
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
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.