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Debate House Prices
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Home repossessions 'unlikely to rise sharply'
Comments
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But you quoted the bit on the base rate rising saying his governor disagreed on that?
Hamish did not mention anything on reposessions?
Yes, and replied with "if only the BOE stuck to what it said".
Sorry if I caused confussion, which I obviously did. I did state "as for the article" though to suggest I was talking about the article rather than any quote in my second paragraph to aliviate the potential to confuse the usuals. One step ahead see. Not that it worked.0 -
Even better, King added another condition today that he'd like to see the cost of retail credit decreasing before rates rise.
So much as predicted, rising base rates are unlikely to be passed through to borrowers in a significant way.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
BOE Answer Back
But what about IR rates?
So the message seems to be that yes 0.5% may be unsustainable, but it is sustainable until GDP and employment pick up a fair bit.Hamish_Mctavish (Yesterday), IveSeenTheLight (Today), morag1202 (Yesterday), Pimperne1 (Yesterday), Rinoa (Yesterday), StevieJ (Yesterday), Thrugelmir (Yesterday), worldtraveller (Yesterday), wotsthat (Yesterday)
Erm..... interest rates have been at 1/2% for several years and house prices are still falling month after month. Thats what happens in a crippled economy.
Anyone here with one house and <2% mortgages can carry on drinking. Can I ask the rest of you, to get your coats.0 -
Erm..... interest rates have been at 1/2% for several years and house prices are still falling month after month. Thats what happens in a crippled economy.
Anyone here with one house and <2% mortgages can carry on drinking. Can I ask the rest of you, to get your coats.
Its been said in various places that for those in work and on a tracker mortgage things have not been this good for some time. The fall in mortgage payments has outweighed the inflation on other goods by some margin.Remember the saying: if it looks too good to be true it almost certainly is.0 -
The deputy governor said yesterday he is close to voting for a rise0
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