BOE in rate shocker

lemonjelly

Really2 wrote: »

But Chicken nuggets will still be £1 at Iceland.:)

Ah, but there'll be less in a bag.

And the chocolate on mars bars is thinner.

And wagon wheels are smaller.

Curly Wurlys used to be huge! Look at em now!:eek:

lemonjelly

Graham_Devon wrote: »

I didn't say it wasn't a factor, I said it wasn't one of the main drivers....

I agree with the rest of your post. And I'm seriously wondering why you took what I said as a dig towards you earlier on. I'm not sure what you took as a dig, maybe it was because I quoted you? But apologies you took it that way. Obviously wasn't meant that way.

Fair enough Graham. I'm happy to accept your word it wasn't a dig. So I'll apologise if my response to you was spikey.

lj & GD >>> electronic handshake.:)

I perhaps read it as a response to another post off another thread I think (poshbirds IR thread?). Sorry if I took it the wrong way.:)

Don't know where your quote comes from by the way. What worries me about it, is that it only relates to vegetables, not food prices as a whole. Man cannot live on vegetables alone. Personally, I think the original author would have a different conclusion if they looked at food prices as a whole.

Graham_Devon

lemonjelly wrote: »

Fair enough Graham. I'm happy to accept your word it wasn't a dig. So I'll apologise if my response to you was spikey.

lj & GD >>> electronic handshake.:)

I perhaps read it as a response to another post off another thread I think (poshbirds IR thread?). Sorry if I took it the wrong way.:)

Don't know where your quote comes from by the way. What worries me about it, is that it only relates to vegetables, not food prices as a whole. Man cannot live on vegetables alone. Personally, I think the original author would have a different conclusion if they looked at food prices as a whole.

No probs

Quote comes from here: http://www.tradingeconomics.com/euro-area/inflation-cpi

Seems to be some kind of data analyst type site.

Really2

lemonjelly wrote: »

Curly Wurlys used to be huge! Look at em now!:eek:

Or you could have been 4 at the time when they seemed massive.

Graham_Devon

ChiefGrasscutter wrote: »

Eh?
the ECB in pushing the euro base interest rate up will make the euro go up and thereby make the costs of the said inported fuel etc cheaper in euro terms:- thereby easing the pressure on inflation. We're assuming here the majority of the inflation is imported inflation rather the domestic/wage inflation.
A rising euro won't help exports from the euro zone I grant you.

There is an addional possibility that raising rates and the resulting increase in money coming into the economy/zone from outside might actually make it easier for SME's etc to borrow money as there will be more of it around looking for a home.

I'm sure the BofE can produce an explanation why this wouldn't work in the UK if applied to the UK base rate

Howcome the one time I say interest rates can't control these things, someone new comes and picks me up on it!!!

Chief. It was a tounge in cheek post, and yes, a dig (though not at lemon!) in general over the, rather popular theory on here that interest rates cannot fight this type of inflation.

Personally, I disagree with that theory (to an extent), and agree with yours.

lemonjelly

Really2 wrote: »

Or you could have been 4 at the time when they seemed massive.

No way dude!:cool: They were easily the size of a 30cm ruler back then...

lemonjelly

Graham_Devon wrote: »

Howcome the one time I say interest rates can't control these things, someone new comes and picks me up on it!!!

Chief. It was a tounge in cheek post, and yes, a dig (though not at lemon!) in general over the, rather popular theory on here that interest rates cannot fight this type of inflation.

Personally, I disagree with that theory (to an extent), and agree with yours.

See - the written word is often open to misinterpretation. If I'd known this when I read your original post, I'd never have responded like I did.

Apologies again mate.:)

mcc100

RenovationMan wrote: »

I had forgetten about the BoE rate decision, so thanks for posting this Graham. It's good news for me as I have started the next round of mortgage overpayments and have overpaid £17k over this week. I have a further £10k to overpay this year (I am allowed 10% and had a £270k mortgage) but I am holding off while the last bills come in from my renovations just in case.

My mortgage stands at £253k with the bank owning 56.22% of my house, which I guess means it's actually 'their house'. Still over a year to go for my 50% equity challenge, but I'm on course to hit the target especially with these low rates.

Yawn ......

You are an anonymous poster who continually boasts each month about how well you are doing as base rates are held at 0.5% ......

Who gives a toss ? ..........

JonnyBravo

mcc100 wrote: »

Yawn ......

You are an anonymous poster who continually boasts each month about how well you are doing as base rates are held at 0.5% ......

Who gives a toss ? ..........

And you're not anonymous?

Are you, perhaps, a little jealous?

Don't worry, I know you're not, "cos you're happy with everything in your life" etc etc.

RenovationMan

JonnyBravo wrote: »

And you're not anonymous?

Are you, perhaps, a little jealous?

Don't worry, I know you're not, "cos you're happy with everything in your life" etc etc.

Why anyone would be jealous of someone with debts of £253k is beyond me, but then I suppose it takes all sorts to make a world.

It's interesting how mcc100 makes the effort to read my post and then create a reply to inform me that no one is interested in my post. Is that not paradoxical?