BOE leave rates unchanged at 0.5pct......

Thrugelmir

chucky wrote: »

a lovely tangent you've put in there but reading the report is easy - understanding why rates are low is another subject completely.

Doesn't sound as if you've ever read it.

chucky

Thrugelmir wrote: »

Doesn't sound as if you've ever read it.

if i've read it or not read it isn't really important.

another lovely tangent you've thrown in there. well done.

chucky

AD9898 wrote: »

The over indebted breathe a sigh of relief for another month.

really??? how many people are benefiting from low mortgage rates?

Graham_Devon

chucky wrote: »

really??? how many people are benefiting from low mortgage rates?

You really are trying to push that button this morning, aint you.

1984ReturnsForReal_2

Generali wrote: »

2 voted for a rise last time around and one for more QE.

Well lets hope they are out the door soon. Not for voting for a rise but for getting their calls oh so wrong.

Have they sacked the bloke that voted for a risea few months back?

lisyloo

really??? how many people are benefiting from low mortgage rates?

I would think the majority are benefitting from low mortgage rates compared with historical norms.

If by low you mean BOE tracker deals then I would have thought it's a minority but don't have any figures to back that up.

chucky

Graham_Devon wrote: »

You really are trying to push that button this morning, aint you.

which button is that? it was a very simple question... and it's afternoon btw...

let me ask the question again before you try to derail the thread into another Graham Devon show and spoil the discussion.

chucky wrote: »

really??? how many people are benefiting from low mortgage rates?

lisyloo

The over indebted breathe a sigh of relief for another month.

It's all very well being unsympathethic (and I'm not overly sympathetic myself).
But the fact is that is we have to re-house and pay benefits for lots of bankrupts then it affects all of us.

Yes, many people borrowed too much and didn't think about the "what ifs" also banks are partially responsible for lending too much.
But it doesn't really help to judge.
If those people go down, then we as tax payers have to pick up the bill.
So whilst I'm, not overly sympathetic I'm not taking a lot of pleasure from judging them as their actions affect all of us.

chucky

lisyloo wrote: »

I would think the majority are benefitting from low mortgage rates compared with historical norms.

If by low you mean BOE tracker deals then I would have thought it's a minority but don't have any figures to back that up.

thank you and you are absolutely right

the problem is with this forum because the minority are benefiting from low tracker rates it becomes the norm for people to think that it's the majority. it's the usual suspects that can't back up their facts.

this part of your post "I would think the majority are benefitting from low mortgage rates compared with historical norms" is not totally correct because the average mortgage rate is around 4.5%. so it's not much lower than historical norms.

Generali

1984ReturnsForReal wrote: »

Well lets hope they are out the door soon. Not for voting for a rise but for getting their calls oh so wrong.

Have they sacked the bloke that voted for a risea few months back?

Personally, I think it's a good thing that there are dissenting voices on the MPC. Deflation is definitely still a risk as people have become net repayers of debt. Having said that, inflation is clearly a risk as it is above target and rising and Governments have pumped shed loads of cash into their banking systems which could very well push up the money supply and thus inflation.

I find it very positive that Labour (who I think appointed all but 2 of the current members of the MPC) put in people who, while expert in their fields, have very different views about the economy and the risks it faces. They seemed to have quite a track record of putting 'placemen' in on committees but that doesn't seem to be the case with the MPC.