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Fed Interest Rates
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aardvaak
Posts: 5,834 Forumite
I saw the following about Fed Interest Rates do you think UK will follow?
http://www.housepricecrash.co.uk/forum/index.php?showtopic=29713
http://www.housepricecrash.co.uk/forum/index.php?showtopic=29713
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Comments
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The Bank of England has to follow the money markets.
The markets are telling the bank that its base rate is currently .25% too low.
I think it's hilarious that Mervyn and co continue to give the impression that they're in control. Basically they do what the markets tell them, otherwise they eventually get punished for it (a run on the pound etc)0 -
in my opinion the fed will increase rates twice more by .25 percentage points. the bofe will have to increase rates even more - nobody has learnt, or is willing to learn, any lessons here: the ever-increasing house price increases; the spiralling debt mountain; the madness of the commodities markets. if people won't learn, the fed and the bofe will be their teacher (even though the bofe is in a state of denial). let the pain commence...:eek:BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
The bank of england will follow suit and will increase rates. Its pretty much a certainty. As they say....when America sneezes.....the UK gets a cold. They have no choice.Baby Year 1: Oh dear...on the move
Lily contracted Strep B Meningitis Dec 2006 :eek: Now seemingly a normal little monster. :beer:
Love to my two angels that I will never forget.0 -
Anyone care to comment on the following article;
http://business.timesonline.co.uk/article/0,,9063-2174908,00.html
No rate rise in the UK till next spring, no rate reduction in between either?!?Debt at highest (November 2005) = £35,856
Debt currently (August 2006) = £20,790
&More £1,530, Egg £6,800, HSBC £3,760, Egg Loan £8,700
Interim goal = £23,400 (Target: February 2006, Missed but acheived May 2006)
2nd Interim Goal = £15,000, Target October 2006
Debt Free Date = February 2008 BUT I'M GOING TO BE TRYING FOR SOONER!!!
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nmiah786 wrote:Anyone care to comment on the following article;
http://business.timesonline.co.uk/article/0,,9063-2174908,00.html
No rate rise in the UK till next spring, no rate reduction in between either?!?
as i said in my earlier post - in a state of denial...the markets won't be so forgiving...i hope those people in 'difficulties' can swallow their medicine. i believe two more .25 percentage increases at least.
BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
FYI, those economic "experts" (ho ho ho), Capital Economics have changed their forecast for interest rates.
Bumbling Bootle predicted rates would fall to 3.5% this year. Now they're predicting rates will stay at 4.5%. So you can be sure they'll go up then.
This is the company that predicted house prices would fall by 20%.
What a bunch of jokers.0 -
I don't know why people keep complaining about this, base rates are still a long way off 15/16% and have been kept artificially low for some time.
Perhaps it's time to think of the poor savers.0 -
aardvaak wrote:I don't know why people keep complaining about this, base rates are still a long way off 15/16% and have been kept artificially low for some time.
Perhaps it's time to think of the poor savers.
who said anything about complaining? as i said previously, let the pain commence BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
Sorry free44402730
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no need to apologise aardvark. i too am a saver!aardvaak wrote:Sorry free4440273
[and you are absolutely right about rates having been kept artificially low - this will change soon, and those without any prudence will get their come-uppance] BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0
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