MSE News: Base rate held and no further economic cash injection

guitarman001

ses6jwg wrote: »

Millions of people with mortgages and thousands of small businesses are being kept afloat by the current base rate. If anything if it helping the economy not killing it.

I am a saver and yes it is difficult for savers at the moment - the baby boomers have had their time with their final salary pension schemes and 500% house price growth. More fool them for not diversifying and relying on cash-based savings (a poor asset class historically) for income.

They deserve to go down. If you've got a cancerous limb, you don't want it hanging on to the rest of your body. The sooner the better else we'll stay in limbo. The housing market NEEDS to come crashing down. With inflation house prices are getting decimated but without wage inflation houses are still too far out of reach, and it is killing the economy. People spend more on housing than business, investment and shopping, retailers can't afford rents etc etc.

MiserlyMartin

temporary1 wrote: »

Low interest rates are killing the economy, atrophying businesses and markets and destroying thousands of peoples livelihoods. During the charitable winter solstice, the 'i'm all right jack' mentality is particularly shameful and unnecessary, so can all those that are opportunistically benefitting from the banker's financial crimes against humanity please refrain from any selfish gloating, and instead, show some humility, dignity and respect for all the many that are, and will for some time, be suffering as a result of the continuing economic policy failings and mismanagement. If the BoE's monetary policy were reversed I'm sure the equivalent smug attitude would be considered just as ill-mannered.

+2. Only a moron would not agree with this analysis.