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Debate House Prices


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How long can/will interest rates stay this low?

hailey00marie
hailey00marie Posts: 10 Forumite
in Debate House Prices & the Economy
Just wondering what everyone's opinions are?
«134

Comments

  • hoggums
    hoggums Posts: 213 Forumite
    Until we end up with rampant inflation.

    It's only because the economy is in such a mess is this not happening now. However I fear the next ugly episode as the recession bottoms out will be the re-re-valuing of the £ which will cause rampant inflation and sky high interest rates.
  • b0rker
    b0rker Posts: 479 Forumite
    hailey00marie wrote: »
    How long can/will interest rates stay this low?

    1 year, 2 months, 3 weeks, 5 days, 13 hours, 37 minutes and 44 seconds.

    Or.

    I don't know.
  • pickles110564
    pickles110564 Posts: 2,374 Forumite
    Till the Tories get into power then heaven help us all.
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    Nobody really has any idea, could be 12 months or 10 years, however if inflation starts to rear it's head, and after todays announcement, it's as sure as eggs are eggs, then they will on the up.
  • 1echidna
    1echidna Posts: 23,086 Forumite
    I have a feeling that the Gov't/BoE will quietly forget trying to control inflation with higher interest rates and interest rates will stay low despite inflation increasing to 5 to 10%. It will screw savers but be deemed necessary to protect an economy in recession/depression.
  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    1echidna wrote: »
    I have a feeling that the Gov't/BoE will quietly forget trying to control inflation with higher interest rates and interest rates will stay low despite inflation increasing to 5 to 10%. It will screw savers but be deemed necessary to protect an economy in recession/depression.
    Or at least it will reduce our collective debt.
    "Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
    Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
    "I think I'll become an alcoholic," said Betty.
  • Phlik
    Phlik Posts: 1,088 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    pickles110564 wrote: »
    Till the Tories get into power then heaven help us all.

    Aye, because the last decade or so under labour has been a blissful experience, or was that Maggies fault? ;)

    Phlik
  • 1echidna
    1echidna Posts: 23,086 Forumite
    Guy_Montag wrote: »
    Or at least it will reduce our collective debt.

    Yes indeed, although as someone with no debt I am looking at putting some more money into property in the belief that inflation/ low returns on savings and investments will at some stage turn that market upwards.
  • Optimist
    Optimist Posts: 4,557 Forumite
    Part of the Furniture
    Phlik wrote: »
    Aye, because the last decade or so under labour has been a blissful experience, or was that Maggies fault? ;)

    Phlik


    I thought climate change was her fault too !

    If in doubt blame Maggie seems to be the mantra of the Labour apologists. Obviously the dire pickle we are is nothing whatsoever to do with Flash Gordon... :rotfl:
    "The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts."

    Bertrand Russell. British author, mathematician, & philosopher (1872 - 1970)
  • Phlik
    Phlik Posts: 1,088 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Heavens no!! It's not Gordies fault, he's our saviour doncha know, brought an end to boom and bust, so he has :D

    Phlik
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