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Debate House Prices
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Household bills hit 3 year high
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do you want to send me a PM, i may be able to help you and help you get through this.
you sound quite upset.
No thanks chucky, I think I'll be OK.
In fact, I'm not upset, just trying to get involved in the discussion.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
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such kind words...
so would increasing BoE rates reduce the cost all of the other items on your list?
I know you want an answer from Graham, but I would just like to say that for those awful people with savings, an increase in base rates might help a little. It may even bring the cost down of anything or service that is imported. What it may also do is delay or limit the extent of any future property boom. That can't be a bad thing, can it ?30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
oh ok so we're talking about future property booms and not the cost of living now.I know you want an answer from Graham, but I would just like to say that for those awful people with savings, an increase in base rates might help a little. It may even bring the cost down of anything or service that is imported. What it may also do is delay or limit the extent of any future property boom. That can't be a bad thing, can it ?
it's bad news for savers, maybe they should have a warning on savings account saying that returns could fluctuate depending on interest rates. didn't they understand that the interest rates go up and down?
base rate manipulation isn't probably the best tool to manage inflation right now. the BoE will probably increase rates to 'normal' levels too late anyway0 -
base rate manipulation isn't probably the best tool to manage inflation right now.
Because they didn't use it control inflation in the first place. The BoE backed themselves into a corner by going for the "easy option" and slashing rates at the first sign of trouble. It didn't leave them much room for manouvre.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
noBecause they didn't use it control inflation in the first place. The BoE backed themselves into a corner by going for the "easy option" and slashing rates at the first sign of trouble. It didn't leave them much room for manouvre.
they had to decrease rates because they wanted to implement QE.
QE couldn't be implemented otherwise.
the way that QE worked it basically was a tool to do the same thing as reducing rates.0
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