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BoE's Kate Barker - Rates could stay low for some time

inspector_monkfish
Posts: 9,276 Forumite
The Guardian
British interest rates could stay low for some time and it is still not clear whether the pick-up in the economy will prove durable, Bank of England policymaker Kate Barker was quoted as saying on Wednesday.
http://www.guardian.co.uk/business/feedarticle/8550818
British interest rates could stay low for some time and it is still not clear whether the pick-up in the economy will prove durable, Bank of England policymaker Kate Barker was quoted as saying on Wednesday.
http://www.guardian.co.uk/business/feedarticle/8550818
Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)
(MSE Andrea says ok!)
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Comments
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inspector_monkfish wrote: »The Guardian
British interest rates could stay low for some time and it is still not clear whether the pick-up in the economy will prove durable, Bank of England policymaker Kate Barker was quoted as saying on Wednesday.
http://www.guardian.co.uk/business/feedarticle/8550818
Now the question is do you believe the people who actually set it or somebody spouting off on the internet saying they are going to shoot up as they want/need defaults to happen:)0 -
shes a woman
means she'll probably be right in the end.....Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Now the question is do you believe the people who actually set it or somebody spouting off on the internet saying they are going to shoot up as they want/need defaults to happen:)
and in the real world
http://www.introducertoday.co.uk/News/Story/?storyid=1592&title=Fixed_rate_Mortgages_set_for_imminent_increase&type=news_features0 -
the regulars on this forum think that the same article is VI
http://forums.moneysavingexpert.com/showthread.html?t=1742857
we can't really have it both ways - well you can but it's a bit silly don't you think?0 -
she'll probably be right in the end
Probably ???? :eek:and in the real world
I'm sure you must be right. The 'talking numpty head' from John Charcol has far more influence on where the BOE set's the base rate than a member of the MPC !!!
What were we thinking ??? :rotfl:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
the regulars on this forum think that the same article is VI
http://forums.moneysavingexpert.com/showthread.html?t=1742857
we can't really have it both ways - well you can but it's a bit silly don't you think?
Ok then???????????????????????????????????
http://www.ftadviser.com/FTAdviser/Mortgages/Products/Fixed/News/article/20090609/6ec0d5d0-54e1-11de-b9ea-0015171400aa/Nationwide-overhauls-mortgage-range.jsp
http://www.telegraph.co.uk/finance/personalfinance/borrowing/creditcards/5444321/Interest-rates-credit-card-rates-rise-despite-low-Bank-Rate.html
http://www.businessweek.com/smallbiz/running_small_business/archives/2009/05/small_business_7.html
So Purch, Kate can do and say what she likes.0 -
Ok then???????????????????????????????????
http://www.ftadviser.com/FTAdviser/Mortgages/Products/Fixed/News/article/20090609/6ec0d5d0-54e1-11de-b9ea-0015171400aa/Nationwide-overhauls-mortgage-range.jsp
http://www.ftadviser.com/FTAdviser/Mortgages/Products/Fixed/News/article/20090609/6ec0d5d0-54e1-11de-b9ea-0015171400aa/Nationwide-overhauls-mortgage-range.jsp
http://www.ftadviser.com/FTAdviser/Mortgages/Products/Fixed/News/article/20090609/6ec0d5d0-54e1-11de-b9ea-0015171400aa/Nationwide-overhauls-mortgage-range.jsp
So Purch, Kate can do and say what she likes.
Neil, with respect, I think we are all talking about different issues here.
I just started this thread as an indicator of how a member of the MPC feels about the current BOE base rate.
You have brought up a subject about mortgage lenders rates.
Sure they are linked, but it wasn't my intention to suggest that Kate Barker feels that mortgage rates will remain at the same level as they are now. Only BOE rates.Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Now the question is do you believe the people who actually set it or somebody spouting off on the internet saying they are going to shoot up as they want/need defaults to happen:)
This woman may or may not have a great deal of influence over BofE official rates. And the BofE rate may or may not stay at 0.5% for another year or so.
It's all moot, because at the end of the day the interest rates that interest you and me are mortgages, term deposits and credit rates, none of which are linked inextricably to the BofE rate. They may tip a nod to the BofE rate, but the financial institutions are completely free to set retail rates at whatever level they choose.
And, frankly, those are starting to track higher as banks seek to get greater security on dodgy loans made a few years ago and - of course - seek to raise profits.
Anyone who thinks otherwise or is seeking comfort in BofE blandishments is being very naive.0 -
inspector_monkfish wrote: »Neil, with respect, I think we are all talking about different issues here.
I just started this thread as an indicator of how a member of the MPC feels about the current BOE base rate.
You have brought up a subject about mortgage lenders rates.
Sure they are linked, but it wasn't my intention to suggest that Kate Barker feels that mortgage rates will remain at the same level as they are now. Only BOE rates.
Of course its relevant. The BOE base rate is detached from reality.0 -
Of course its relevant. The BOE base rate is detached from reality.Anyone who thinks otherwise or is seeking comfort in BofE blandishments is being very naive.
you'll find that the BOE set's it's own base rate.
mortgage rates that you refer to are set by the markets.
they are different things...0
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