Debate House Prices


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Base rate tommorow?

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24

Comments

  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    There's still the ECB's decision to come :)
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • ash28
    ash28 Posts: 1,789 Forumite
    Mortgage-free Glee! Debt-free and Proud!
    worldtraveller wrote: »
    Kept at 0.5%. No increase in QE.

    The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £375 billion, financed by the issuance of central bank reserves.

    The Committee expects the announced programme of asset purchases to take another three months to complete. The scale of the programme will be kept under review.

    BOE MPC

    Didn't they announce another £50bn of QE less than a month ago?
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    Yep the QE is pretty much ongoing, we just stopped digging for the moment but we're still in a hole.

    ECB is the big news as yesterday the Fed said they are waiting on further factors to develop or something like that
  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    ash28 wrote: »
    Didn't they announce another £50bn of QE less than a month ago?

    Yes, on the 5th July.
    There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
  • ILW
    ILW Posts: 18,333 Forumite
    They should bung the rate up to 15 or 20% for a few months. Would clear away all the deadwood and let us get on with rebuilding the economy rather than propping up basket case individuals and businesses.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 2 August 2012 at 2:23PM
    ECB have bassically stated they will come up with more plans in the following weeks. They have said again, that the Euro is irreversible.

    He's also stated that the bond buying process is simply to keep markets happy until the problems are solved.

    So basically they have stated nothing further....rather just stated they will do whatever it takes (again), and the markets have tanked.

    Theres something amiss here. Feels like we were all somehow lied to with suggestions that something big was coming. An announcement that something was planned certainly solved the immediate issues at the time (spanish bonds).
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    Graham_Devon wrote: »
    ECB have bassically stated they will come up with more plans in the following weeks. They have said again, that the Euro is irreversible.

    He's also stated that the bond buying process is simply to keep markets happy until the problems are solved.

    So basically they have stated nothing further....rather just stated they will do whatever it takes (again), and the markets have tanked.

    Exactly Graham. More waffle.

    Let's face it they haven't got a clue what to do about the Euro crisis in the medium to long term.
    Why are we here?......................because we are not all there.
  • Mallotum_X
    Mallotum_X Posts: 2,591 Forumite
    Part of the Furniture Combo Breaker
    No change, unlikely to be any change for the forseeble future unless something shocks the system first.
  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Graham_Devon wrote: »
    An announcement that something was planned certainly solved the immediate issues at the time (spanish bonds).

    Yup, now spiked up to 6.92%
    There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Graham_Devon wrote: »
    Feels like we were all somehow lied to with suggestions that something big was coming. An announcement that something was planned certainly solved the immediate issues at the time (spanish bonds).

    Media speculation. Something big might be coming - just not today.
This discussion has been closed.
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