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When will interest rates go up again?

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Comments

  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    mewbie wrote: »
    OK so your 85 and getting no interest on your life savings. You're a bit frail. Is now really the time to stuff the lot on the stock market and spend each and every time stressing the old ticker. But yeah they could get into BTL I suppose while prices might drop and / or tenants play up. Somehow more comfortable having money in the post office and getting a few quid each week.

    If your 85 and a bit frail you had might as well just start spending your life savings.
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Dan: wrote: »
    If your 85 and a bit frail you had might as well just start spending your life savings.
    You don't get to have life savings with that attitude young man. I have reported you for MSE reeducation camp.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    mewbie wrote: »
    You don't get to have life savings with that attitude young man. I have reported you for MSE reeducation camp.

    You only get one life. Im all for savings but plan to die skint.
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Dan: wrote: »
    You only get one life. Im all for savings but plan to die skint.
    That requires a hell of a plan. Spend last fiver in morning, pop clogs after lunch.
  • b0rker
    b0rker Posts: 479 Forumite
    mewbie wrote: »
    That requires a hell of a plan. Spend last fiver in morning, pop clogs after lunch.

    Now THAT is calling the top of the market.
  • makhani
    makhani Posts: 3 Newbie
    Really2 wrote: »
    Acording to the BOE they see inflation near 0% untill 2012. Cant see them putting up rates if inflation is going to be below 2%.

    I think we will be looking somting like near 0% for the next 2-3 years. Most probably not looking over 4% in 5-10 years.

    or even somthing like Japan.

    Don't be silly..!
  • makhani
    makhani Posts: 3 Newbie
    Graham_Devon wrote: »
    I have been predicting 0% for about 7 months now to much scorn from a fair few. My predictions will still be up as they were on this forum, in my post history somewhere.

    I also predicted the FTSE will bottom out at 2200 somewhere in this recession / depression. Which I still stand by.

    0% rates for 16-18 months would be my prediction. Simply because we have labour in power at the moment, they will NOT let them rise before an election, as people will have got used to the lower mortgage payment, so the last thing they will want with an election coming up is peoples mortgage payments going up.

    Tories will come in, they can't just put them up instantly, so will take 2-6 months. Then we should see a gradual increase to around 8% for the next few years.

    And I don't believe the guff about the BOE being independant. If it's so independant, how come gordon can carry on yabbering about low interest rates in his speeches and what the labour party have done, and take credit when the interest rates are right? He simply says its independant when it all goes wrong.

    I disagree with your election statement...for every 1 person with a mortgage there is apparently 7 savers/investors which in voting terms,the savers will obviously send Labour on their way..!
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    makhani wrote: »
    Don't be silly..!

    Who left the sock draw open this morning?
  • makhani
    makhani Posts: 3 Newbie
    Adebisi wrote: »
    I hope they never go up. I am paying less than half the mortgage I was paying a year ago. Go Gordon, I love you!! Yay

    Don't let Mr Brown/M King lead you into a false sense of security...Interest rates will go up.That you can be sure of. So if I were you Adebisi I would fix those rates...now!
  • whathavewedone
    whathavewedone Posts: 902 Forumite
    Wow! Do you really think that at some stage in the future we will have higher interest rates than 0.5%?

    You are a clairvoyant and I claim my five pounds.

    Since you're on a roll, care to let us know when you see interest rates going up, by how much, for how long and why?
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