Interest rates to rise in November as recovery strengthens

doire_2

Sibley wrote: »

I think these ultra low rates will stay for 5-10 years. I really do.

Ahh but the BOE said rates wont start rising until unemployment starts falling.

So do the bulls want IR to stay where they are?

HAMISH_MCTAVISH

doire wrote: »

Ahh but the BOE said rates wont start rising until unemployment starts falling.

So do the bulls want IR to stay where they are?

No.

I'd love to see the economy recovering more strongly, unemployment falling, and then base rates start to rise.

Which as it turns out, is exactly the set of circumstances that Mervyn King laid out as criteria for raising rates.

Along with one more....

That the margin the banks charge above base for retail borrowing would decrease as base rates rose.

All of which would be good for the people in this country, the economy, and the housing market.

So do the bears want interest rates to stay where they are? :rotfl:

Graham_Devon

HAMISH_MCTAVISH wrote: »

No.

I'd love to see the economy recovering more strongly, unemployment falling, and then base rates start to rise.

Which as it turns out, is exactly the set of circumstances that Mervyn King laid out as criteria for raising rates.

Along with one more....

That the margin the banks charge above base for retail borrowing would decrease as base rates rose.

All of which would be good for the people in this country, the economy, and the housing market.

So do the bears want interest rates to stay where they are? :rotfl:

If Mervyn actually egts to play out his own financial plan, exactly how he describes it when it comes to interest rates, I'll eat my hat.

Nothing else has played out exactly as described.

Thrugelmir

doire wrote: »

Ahh but the BOE said rates wont start rising until unemployment starts falling.

Unemployment numbers fell last month.