The dangers of delinking from base rates. Banks play a risky game...

ILW

HAMISH_MCTAVISH wrote: »

Crikey, just noticed this little masterpiece of misdirection.

Lets take this one at a time.



I've said that the reason the BOE lowered rates was to save the wider economy, not the housing market.

And that is true.

I've also said the health of the wider economy is dependent on the health of the housing market, and vice versa.

And that is also true.



Because the two are interlinked.

You can't look at one in isolation. A healthy economy requires a healthy housing market.

And the mechanism through which the BOE injects liquidity into the wider economy is through reducing interest rates on debt. Mortgage debt is obviously a significant element of that.



Obviously not. My arguments are consistent. It is you who tries to twist things out of context, as always.

You also keep banging on about how the banks are profiteering.
A couple of earlier posts seem to disprove that.