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Uk rates remain at 0.5% for 20th month in a row!

Batchy
Posts: 1,632 Forumite
Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)
0
Comments
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Though one month closer to a rise in rates......0
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Hang on.....
wait a mo'.....
I know it's here somewhere....
bear with me....
ah, here it is:
:eek:It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
rates continuing at 0.5% isn't exactly good news - it means that we're still in 'recovery' mode and the economy needs rates this low.
people claiming it will be carnage when rates rise are mistaken... when rates do start to rise it will be good news as the economy will be in a much better condition...0 -
rates continuing at 0.5% isn't exactly good news - it means that we're still in 'recovery' mode and the economy needs rates this low.
people claiming it will be carnage when rates rise are mistaken... when rates do start to rise it will be good news as the economy will be in a much better condition...
Only if Merv & co call it right.
If they call it wrong, it could get all giggedy giggedy goo!:eek:It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
They were caught on the hop last time, IIRC former MPC member Tim Besley was still calling for interest rate rises a couple of months before they started slashing them back in late 2007!
Hopefully they will be on the ball this time and start doing it when it needs it and not before/after!0 -
Yep, policy is to let inflation run ahead of rates by 3% for a couple of years to take the sting out of debts.0
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I can really see the economy somersaulting back into action when the extra 2.5% is lumped on VAT in Jan.0
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Should've reduced BR to Zero%.
That would reduce mortgage payments by 1/3rd. Also it might change the shape of the savings threads a little bit. No more "Post Office opens 2.9% Internet saver......", but, instead, "Good news, Santander Instant Platinum e-Saver reduces savings-charge from 1% to ½%.....0 -
Loughton_Monkey wrote: »Should've reduced BR to Zero%.
That would reduce mortgage payments by 1/3rd. Also it might change the shape of the savings threads a little bit. No more "Post Office opens 2.9% Internet saver......", but, instead, "Good news, Santander Instant Platinum e-Saver reduces savings-charge from 1% to ½%.....
And what would the savers spend the money on to get the economy moving, apart from imported Chinese and German goods?0 -
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