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David Cameron hints at interest rate rise to combat 'worrying' inflation
carolt
Posts: 8,531 Forumite
Wonder what effect this will have on the housing market?
http://www.telegraph.co.uk/finance/economics/7779794/David-Cameron-hints-at-interest-rate-rise-to-combat-worrying-inflation.html
http://www.telegraph.co.uk/finance/economics/7779794/David-Cameron-hints-at-interest-rate-rise-to-combat-worrying-inflation.html
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Comments
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Wonder what effect this will have on the housing market?
http://www.telegraph.co.uk/finance/economics/7779794/David-Cameron-hints-at-interest-rate-rise-to-combat-worrying-inflation.html
I think you'll find Mr Cameron plays no part in deciding interest rates.If I don't reply to your post,
you're probably on my ignore list.0 -
Wonder what effect this will have on the housing market?
http://www.telegraph.co.uk/finance/economics/7779794/David-Cameron-hints-at-interest-rate-rise-to-combat-worrying-inflation.html
Very little i expect.
It's more worrying what effect it may have on industry!
Again probably very little overall.
With the mortgage rates so much higher than the base rate, i doubt if every rise would be added to the variable rate. This may be when the trackers start not to be such a great deal they have been in the last 2 years but it's swings n roundabouts.
One thing history shows us is once the rates start to move they usually keep moving in the same direction, so a 5 year fixed may give most peace of mind.0 -
All Tory governments have had a spectacular record when it comes to interest rates.
They have always raised them when in power and this time will be no different.
I had a debate on here 2 weeks ago with someone that thinks 2% will be the high at the end of the year. I disagreed, because looking at the statistics available, it will be more like 3.5% and contine to raised to probably 7% by mid 2011.
Anyone concerned should certainly budget for a minimum 9% by beginning 2012.0 -
Very little i expect.
It's more worrying what effect it may have on industry!
Again probably very little overall.
Nonsense, even a small rise in interest rates would tip plenty of people close to the edge. Theres enough people struggling already, on just interest only mortgages. Banks would almost definitely pass the rise on.
You can't say you didn't see it coming. The rate was never going to be 0.5% forever.0 -
I am sure Cameron was merely responding to a leading question, unless of course he is going to wrestle monetary policy from the experts at the BOE
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
All Tory governments have had a spectacular record when it comes to interest rates.
They have always raised them when in power and this time will be no different.
I had a debate on here 2 weeks ago with someone that thinks 2% will be the high at the end of the year. I disagreed, because looking at the statistics available, it will be more like 3.5% and contine to raised to probably 7% by mid 2011.
Anyone concerned should certainly budget for a minimum 9% by beginning 2012.
If you are correct my cash ISA's paying BR + 3% will come into their own :beer:, but I suspect that you are well wide of the mark and the govt actually wish to encourage inflation to take the sting out of that deficit (can't say so publicly, don't want to upset those creditors).'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Yes please, back nearer to normal would be great. The pendulum needs to swing back the other way and help savers and after a long period of pointless saving rates0
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Nonsense, even a small rise in interest rates would tip plenty of people close to the edge. Theres enough people struggling already, on just interest only mortgages. Banks would almost definitely pass the rise on.
You can't say you didn't see it coming. The rate was never going to be 0.5% forever.
Bit of a contradiction there.
How did the people struggling now, manage 2 years ago when rates were higher?0 -
Not going to happen. Deflation is of far greater concern than inflation.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
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