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MSE News: Base Rate held at 0.5% once again

24

Comments

  • Cat695
    Cat695 Posts: 3,647 Forumite
    mewbie wrote: »
    Yeah right. In what fantasy land do rates stay at record lows for another year? Do you think QE and low rates is affordable on a long term basis?


    Erm Japan....I believe were at 0% for 5 yearsand they are still in the sh*t
    If you find yourself in a fair fight, then you have failed to plan properly


    I've only ever been wrong once! and that was when I thought I was wrong but I was right
  • tomstickland
    tomstickland Posts: 19,538 Forumite
    First Post Combo Breaker
    Brilliant news.....for those of us on fixes.
    Happy chappy
  • inspector_monkfish
    inspector_monkfish Posts: 9,276 Forumite
    mewbie wrote: »
    Yeah right. In what fantasy land do rates stay at record lows for another year?

    in the Fantasy Land of The Rising Sun :confused:
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • inspector_monkfish
    inspector_monkfish Posts: 9,276 Forumite
    Cat695 wrote: »
    Erm Japan....I believe were at 0% for 5 yearsand they are still in the sh*t


    but now out of recession... alegedly :confused:
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    First Post First Anniversary
    mewbie wrote: »
    Yeah right. In what fantasy land do rates stay at record lows for another year?
    inspector_monkfish wrote: »
    in the Fantasy Land of The Rising Sun :confused:

    Lesson 1: How to convince everyone you're stupid.;)
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    Combo Breaker First Post
    Jonbvn wrote: »
    Lesson 1: How to convince everyone you're stupid.;)
    Not sure if you are implying I am stupid or Monkfish. Whatever.

    Base rates still at .5% in 2011? Is that the prediction on here?

    I mean it's great news obviously in the blinkered world of a tracker mortgage - but really.. .5% in a year still?
  • Really2
    Really2 Posts: 12,397 Forumite
    Combo Breaker First Post
    mewbie wrote: »

    Base rates still at .5% in 2011? Is that the prediction on here?

    I mean it's great news obviously in the blinkered world of a tracker mortgage - but really.. .5% in a year still?

    But the people in that blinkered world thin the economy will still stalling then.

    Otherwise they would not think it would still be 0.5% (or very near)
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    Combo Breaker First Post
    Really2 wrote: »
    But the people in that blinkered world thin the economy will still stalling then.

    Otherwise they would not think it would still be 0.5% (or very near)
    So if we accept that the record low interest rates are because we are absolutely in the worst mess ever, then presumably the outlook is for more of the same. I never thought I would be a little more bullish than you lot.
  • Really2
    Really2 Posts: 12,397 Forumite
    Combo Breaker First Post
    mewbie wrote: »
    So if we accept that the record low interest rates are because we are absolutely in the worst mess ever, then presumably the outlook is for more of the same. I never thought I would be a little more bullish than you lot.

    Indeed, I think any growth will be marginal for a good year +.

    A lot of debt, tax etc has to be paid back. That will slow growth thus meaning low rates.

    Unless magical hyper inflation arrives and saves us all it is going to be a painfull few years for everyone.

    So back down Bull :).
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    Combo Breaker First Post
    I suspect some of you operate on the principle that whatever I say it must be wrong.
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