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OECD says UK interest rates must rise to 3.5% by 2011

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Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Snap!

    https://forums.moneysavingexpert.com/discussion/2491985
  • RDB
    RDB Posts: 872 Forumite
    Or the other option is to try and get all that queezing money back, and reduce the currency expansion. That would get inflation back down to its target and interest rates could stay artificially low a bit longer.

    Oh wait they are going to print even more currency in more queezing!
  • carolt
    carolt Posts: 8,531 Forumite
    Generali wrote: »
    Snap!

    https://forums.moneysavingexpert.com/discussion/2491985


    Too important a story not to feature high up on the board.

    This is the crucial factor which will restore house prices to the levels they would have reached had all Labour's emergency measures, pre-election, not been imposed.

    About time too.
  • Harry_Powell
    Harry_Powell Posts: 2,089 Forumite
    You're grasping at straws if you think interest rates at 3.5% will cause a housing crash.
    "I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    edited 27 May 2010 at 9:01AM
    carolt wrote: »
    Too important a story not to feature high up on the board.

    This is the crucial factor which will restore house prices to the levels they would have reached had all Labour's emergency measures, pre-election, not been imposed.

    About time too.

    But it is the OECD saying it not the BOE, and it is the BOE that will be calling the shots.
    They (the BOE) have been good a calling the shots so far, the only thing they did wrong was possibly not drop rates earlier.
    I also agree even if the rate did go up to 3.5% it is unlikely to have any impact on house prices. It would lower the negative HEW we have at the moment though.

    PS OP do a search this tis the 4th time in 24 hours this has been posted.
    https://forums.moneysavingexpert.com/discussion/2492295
    https://forums.moneysavingexpert.com/discussion/2491985
    https://forums.moneysavingexpert.com/discussion/2492415
  • abaxas
    abaxas Posts: 4,141 Forumite
    Really2 wrote: »
    They (the BOE) have been good a calling the shots so far, the only thing they did wrong was possibly not drop rates earlier.

    Comedy at it's best.

    The BOE have been about as accurate as me in the lads toilet after 10 pints!
  • carolt
    carolt Posts: 8,531 Forumite
    Harry_Powell wrote: »
    You're grasping at straws if you think interest rates at 3.5% will cause a housing crash.

    And you're grasping at straws if you think it won't.
  • Harry_Powell
    Harry_Powell Posts: 2,089 Forumite
    abaxas wrote: »
    Comedy at it's best.

    The BOE have been about as accurate as me in the lads toilet after 10 pints!

    I'd imagine it's difficult to locate the glory hole when so inebriated?
    "I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    abaxas wrote: »
    Comedy at it's best.

    The BOE have been about as accurate as me in the lads toilet after 10 pints!

    Well what happend to anarchy and the 70% crash?

    If you don't agree state what has been done wrong? But as far as I can tell things are far better than what the most bearish were predicting so would that not equal calling most of the shots correctly?
  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    carolt wrote: »
    Too important a story not to feature high up on the board.

    This is the crucial factor which will restore house prices to the levels they would have reached had all Labour's emergency measures, pre-election, not been imposed.

    About time too.

    To be fair to the OECD they seem usually pretty on the money with their recommendations and predictions, having said that I don't think IRs hitting 3.5% in 18 months time would exactly be earth-shattering for House Prices, that's if it even happens.
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