The B.O.E decision Tommorow ..

justpurchased

ad9898 wrote: »

more than it is now and inflation will hit 6%, not good if you value your wages or your job.

:j

And putting them up would help every company!

moonshine

2 voting for a cut! I see we have a couple of Blanchflowers in our midst :rotfl:

justpurchased

moonshine wrote: »

2 voting for a cut! I see we have a couple of Blanchflowers in our midst :rotfl:

7 voting for a rise. We have a number of people who don't want an economy in our midst!
If my only reason was to buy a house as cheap as possible i would vote for a rise (not taking in to account a chance of losing my job)!
But a vote to drop intrest rates is nothing to do with house prices! Are some of you that worried that a drop would stimluate growth in the housing market.

ad9898_3

justpurchased wrote: »

And putting them up would help every company!

Interest rates have been too low for too long, that is one of the reasons why we are where we are, an adjustment is required and its going to be painful which ever way you look at it.

Who knows I may be one of those to suffer but which ever way you look at it inappropriate rate settings over the last 7 years is one of the reasons that have led us where we are today..........which is in the s**t

justpurchased

ad9898 wrote: »

Interest rates have been too low for too long, that is one of the reasons why we are where we are, an adjustment is required and its going to be painful which ever way you look at it.

Who knows I may be one of those to suffer but which ever way you look at it inappropriate rate settings over the last 7 years is one of the reasons that have led us where we are today..........which is in the s**t

An adjustment is required, but house prices are coming down! You don't have to vote to bankrupt business also! There is a problem but why try to make it as painfull as possible.

fatpig_2

I'd put them up at least 0.5%. We need to discourage silly people from getting into even more debt. That's what got us into this mess in the first place, keeping interest rates too low.

justpurchased

fatpig wrote: »

I'd put them up at least 0.5%. We need to discourage silly people from getting into even more debt. That's what got us into this mess in the first place, keeping interest rates too low.

Forget it I wont even bother as it is only Silly people who have debt! not business at all!
As anyone here heared of the 30 Day invoice!

WTF?_2

Edale wrote: »

I've voted that they will hold but I really think they should cut them. Economic contraction is the enemy not inflation.

Some things to consider:

Money is made from paper and zeroes on a computer screen. It's no longer backed by anything tangible other than the perceived productive capacity of the country issuing it and the amount of units that have been/are being created...... When the going gets tough and deflation looks like setting in, there will always be some central banker/politician who decides to spin up the presses to save the economy.

You can cut interest rates and make borrowing easier - effectively giving credit away - but you can't control where the newly created money/credit ends up (as the Japanese found to their cost).

There's more to be said for choosing inflation and devaluation when your country isn't a net importer of just about everything and your main industries aren't selling your fellow citizens services and imported goods.......

Generali

Interest rates are likely to be held. You're dreaming if you think that the MPC will raise them and you have an overinflated idea of the sensitivity of the members of the MPC if you think that they care what the Daily Torygraph leader writer has to say about them let alone a bunch of anonymous nobodies like us on a buletin board!

black_taxi_2

i agree with fatpig