BoE Rate UP or no change

MiserlyMartin

DiggerUK wrote: »

I think you need to realise that the only votes that count, are from those who sit on the Monetary Policy Committee at the Bank of England.

I think you need to realise that the votes of those on the MPC do not count at all, for they are a discredited central bank who have failed in their remit to control inflation for over 2 years now!

pqrdef

doire wrote: »

You forgot to add Merv saying he will remain vigilant

I wonder what he's watching for?

whatyadoinsucka

MiserlyMartin wrote: »

I think you need to realise that the votes of those on the MPC do not count at all, for they are a discredited central bank who have failed in their remit to control inflation for over 2 years now!

First i want an option to vote -.25 on this post, not on the MPC

second miserlymartin
"INFLATION DOES NOT MATTER Short term"
.. the sooner the moaners on this board get that into their heads the less debate would ensue..

have you been on holiday recently, England is still damn cheap for many items. go to parts of europe and you will see..
Eating, drinking in these places is double the price of the UK
(if you factor out london)


this inflation people are talking about is coming about from oil, food and energy prices.. costs of goods are going up because of a shortage of supply or increased haulage / energy costs

Interest rates rises short term are not going to lower inflation.
The economy is f***** (full stop)
the MPC / Government are not going to raise rates against a week cliff edge economy, to please a few savers with depreciating cash reserves.
(there are many inflation beating bonds about that savers should look into, even stock market trackers are well placed)
If you want no risk you will get no return, if you want a little risk, you get a better return..
simple economics

sorry rant over.. it seems like everyone these days is a financial expert.. a few years ago no one was remotely interested in this subject.

The_Fox_3

Interest rates quite simply cannot be raised, even if inflation doubles this month rates will not be raised.
This country went past the point of no return pre 2007 banking meltdown, there is just far too much personal debt out there.

angrypirate

I didnt think they would be raised but after watching BBC breakfast this morning, I was surprised just how hawkish they were being - very much giving the "raise interest rates to curb inflation" line as aposed to "keep them low for the recovery" lin

lisyloo

I was surprised just how hawkish they were being

Who?
BBC correspondants? or BOE members?

I think that the BOE definitely want to send a message to the general public that ratescould go up to prevent them becoming complacent.

I don't think they'll do it yet.

As others haev said interest rates will not impact inflation as it won't impact commodity prices.

mpgsheep

What time does the announcement come through? Usually about 1300 isn't it?

mpgsheep

Ok just checked here: http://www.bankofengland.co.uk/monetarypolicy/decisions.htm

and it is done at noon.

Kenny4315

The_Fox wrote: »

Interest rates quite simply cannot be raised, even if inflation doubles this month rates will not be raised.
This country went past the point of no return pre 2007 banking meltdown, there is just far too much personal debt out there.

Let the property market crash, let things find their own level, and once they do we can dust ourselves down and make create decent place to live. Maybe if not all our resources as individuals were going into crappy property we might be able to solve half of our problems as a nation one being having somewhere to !!!! when we leave home.

WHEN ARE GOING TO STOP LETTING THE OVERDEBTED EFFECT ALL OUR LIVES:mad:

Fox

..... wanders through the threads ...whistling and not noticing any contradictory remarks whatsoever .... for fear of offending anyone ..... :whistle:

mpgsheep

rates maintained at 0.5%