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Debate House Prices
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Interest Rates
Comments
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I think we're heading for 'choppy' times and won't be surprised if rates go up earlier and quicker than most have predicted0
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I think we're heading for 'choppy' times and won't be surprised if rates go up earlier and quicker than most have predicted
Personally, I will be happy to see some sense of purpose somewhere in the present economic turmoil. At present it is very difficult to take long term financial decisions.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:0 -
Not a prayer. I'd be shocked if rates go above 1% this year. Both Lab and Con have pledged to keep rates low to assist mortgage borrowers. It will be a long time before rates go back to 4% or higher.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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Am keeping my fingers crossed for a prudent increase to 3%, with another rise in the autumn to 4%.
Sadly I don't think any politicians have the stones to do the right thing.0 -
To paraphrase Michael Portillo.
'Policy will be dictated by the markets'.
As in, the government has no control over this.0 -
If the government has any say, not a chance that rates will rise any time soon. However....if the party that came third decides to prop up the party that came second with a PM that has never been electted either as PM or party leader then we may be into a nightmare scenario where both sterling and Britain's credit rating go down the pan and interest rates will rocket.
It remains to be seen whether the LibDems will put the national interest before their own party.0 -
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bristol_pilot wrote: »If the government has any say, not a chance that rates will rise any time soon.
BOE controls base rates not the Government.
The markets will determine the cost of servicing UK public sector debt levels.0 -
Thrugelmir wrote: »BOE controls base rates not the Government.
Incorrect, they change rate relative to CPI and 'financial stablilty'.
Ie they do not control, they follow what is happening.0
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