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Debate House Prices
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How long can the BoE keep rates from rising?
Comments
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RenovationMan wrote: »With these low rates, I'm crying all the way to the bank. :rotfl:
To pay this month's mortgage ?
30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
The answer to the OP question is simple. For as long as the majority of MPC members feel that it is necessary to keep rates where they are.
Each member is independant and free to vote as they see fit, as we have seen with Andrew Sentance, Spencer Dale and Martin Weale in recent months.
The latest addition, Ben Broadbent, who was widely seen as having a hawk-ish view on rates prior to his appointment, voted to keep rates where they were at the last meeting. That should tell you something about where we are at present. The word is that even Mssrs Dale and Weale are considering their pro-hike position in the face of dwindling growth.
Don't know about anyone else but I tend to trust the opinions of these qualified and experienced guys over a bunch of internet nutters.0 -
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Don't know about anyone else but I tend to trust the opinions of these qualified and experienced guys over a bunch of internet nutters.
Well then you are silly. They have been pretty much wrong for 3 years. Just like everyone else. Economists, forumists, blogists alike.
No one really has a clue.0 -
Graham_Devon wrote: »Well then you are silly. They have been pretty much wrong for 3 years. Just like everyone else. Economists, forumists, blogists alike.
No one really has a clue.
Wrong according to whom? You?0 -
Wrong according to whom? You?
Wrong according to facts.
Like I said, so has everyone else been. The BOE recently revised their fan graph, because the extreme at the top didn't go high enough to factor in what actually happened.
Like I say, I'm not having a go at the BOE, just pointing out they have not been any more correct than any other economist, country, blogist, politician etc.0 -
RenovationMan wrote: »LOL, hardly. I'm probably paying less on this mortgage than you paid back in 1995 on yours. I'm happy to live in my dream house for £500 odd quid a month.
Your track record of factual inaccuracies is remarkable.
Mind you, you did use the word "probably", which I suggest you use a lot more often.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Graham_Devon wrote: »Well then you are silly. They have been pretty much wrong for 3 years. Just like everyone else. Economists, forumists, blogists alike.
No one really has a clue.
No need for personal insults Graham, I know you don't like that sort of thing when it's directed at you.
As you say, no one really has a clue. But as I said, I still trust their judgement more over a bunch of internet nutters.0 -
Graham_Devon wrote: »Wrong according to facts.
Like I said, so has everyone else been. The BOE recently revised their fan graph, because the extreme at the top didn't go high enough to factor in what actually happened.
Like I say, I'm not having a go at the BOE, just pointing out they have not been any more correct than any other economist, country, blogist, politician etc.
The BOE MPC have attempted to do what they think is the best approach in the past few years, and have done so from a position of experience and knowledge which is lacking in most of the media and blogosphere. Perhaps the results haven't been as hoped but that doesn't mean decisions have been made in error.
I don't think there is anything wrong with trusting their opinion over loudmouths on internet forums, do you?0
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