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Interest rates set to rise again!
Comments
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But funnily enough the last BOE meeting voted 8-1 in favour of keeping rates level with the one disenting voice voting for a DECREASE to 5%.
Don't bet on a rise any time soon (but don't bet against it either)
I don't think Mr Brown will do anything to cause a housing crash just before he gets his grubby mits on the keys to number 10, and he decides what interest rates are. "No" I hear you cry "The BOE sets interest rates to control inflation." I say you are wrong. Mr Brown decides what goes into the basket to measure inflation. Mr Brown sets the BOE targets to what inflation should be. Therefore if he wants to reduce rates he jiggles the basket to include somethings that have recently got cheaper or he adjusts the target as it is nor prudent to allow inflation at 2.5% say. Hence he still sets interest rates.
Oh and CB1979 - I don't care that he's scottish, but he is still a c.
Does he not have them already!!:DDebt at highest (November 2005) = £35,856
Debt currently (August 2006) = £20,790
&More £1,530, Egg £6,800, HSBC £3,760, Egg Loan £8,700
Interim goal = £23,400 (Target: February 2006, Missed but acheived May 2006)
2nd Interim Goal = £15,000, Target October 2006
Debt Free Date = February 2008 BUT I'M GOING TO BE TRYING FOR SOONER!!!
0 -
I think they will increase this month but iv been wrong the last 2 times so dont listen to me.If it doesnt pay rent sell it.
Mortgage - £2,000
Updated - November 20120
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