When will UK interest rates rise? - Markets Suggest 1% is still 5 years away!

JonnyBravo

PFDS.
The curse of the destroyed bear :rotfl:

DervProf

Harry_Boyle wrote: »

I always find it amusing that some (seers ?) people can read plain text and ascribe emotion to it, when all they are actually doing is transferring their own emotions to the text. Therefore if the plain text they read is 'angry' then that's normally because the reader is angry, if the plain text they read is 'upset' that's normally because the reader is upset. This is called transference.

The alternative is that the reader desires the plain text to be emotive in order to 'score' a point. Perhaps because the writer has previously used logic and argument to devastating effect and destroyed the reader in several discussions/debates and as the reader cannot argue back because he doesn't have the intellectual wherewithall? . The reader resorts to petty name calling and accusations of 'drunken ranting'. This is called pathetic forum debator syndrome - something a lot of people on here suffer from - especially the bearish posters.

Hope that helps.

It would do if I were angry or upset. As I am quite calm and happy, I think you are either talking about someone else, or you are mistaken.

Anyway, thanks for your concern.

ILW

High inflation tends to be a bit of an electoral disaster.

HAMISH_MCTAVISH

Hard to describe inflation in the 2.5 to 5% range as "high", certainly by historical standards.

Harry_Boyle

DervProf wrote: »

It would do if I were angry or upset. As I am quite calm and happy, I think you are either talking about someone else, or you are mistaken.

Anyway, thanks for your concern.

I never said you were. Indeed, I refer you to my earlier comments about the dangers of a reader assigning his own emotion to the writer's plain text. I have no idea if you are happy or sad, based on your posts, and I care even less.

Anyway, are you and your chums going to actually comment on long term interest rates or are you only on this forum to gnaw over past defeats and make snide remarks? Fair play, if you guys don't enter into debate/discussions anymore, then you can't be destroyed by an opponent's devastating logic, but surely it gets a little dull over time?

Just a thought.

So, interest rates.....?

sabretoothtigger

HAMISH_MCTAVISH wrote: »

Hard to describe inflation in the 2.5 to 5% range as "high", certainly by historical standards.

Thin edge of the wedge, its ok till it isnt.

I dont imagine its a problem till the billions in India and China start using 'our' fuel instead of us and we cant afford it because our currency is so flimsy

not continue to allow him to artificially inflate the credibility

Thats a funny parallel

ILW

HAMISH_MCTAVISH wrote: »

Hard to describe inflation in the 2.5 to 5% range as "high", certainly by historical standards.

inflation running at 10 times base is pretty high by any standards.

RevolvingDoor

Harry_Boyle wrote: »

Interesting article from a couple of days ago, which states that money markets are predicting no rise to 1% in the next 5 years, with further rises after that time taking us to 1.25% in 2020.

This would be great news to people on low trackers or anyone who bought an expensive house in a gamble that rates would stay low long enough for them to reduce the mortgage down to UK average levels.

http://www.thisismoney.co.uk/money/news/article-1607881/When-UK-rates-rise.html

"When will UK interest rates rise? Inflation is stuck above target but markets suggest 1% rate is still five years away

That would be extremely helpful to me if this turns out to be an accurate prediction.:T

DervProf

Harry_Boyle wrote: »

So, interest rates.....?

Probably going to stay low for another year or two. Beyond that, I'm not so sure.

Personally, it doesn't concern me too much. No mortgage to speak of, and due to low savings rates (although a couple of fixed rate ISAs aren't doing too bad) I`ve been investing in funds. Might well pay off in the longer term, I'll wait and see.

Low rates do mean that our economy is still struggling, and although low rates may be a "bonus" to people with mortgages, they are not exactly keeping the cost of living down. A family with a modest mortgage might feel that low rates are helping them, but the effect of low rates on inflation (and the reasons that rates are low) could well be cancelling out a fair chunk of the reduction in their monthly mortgage repayments.

Harry_Boyle

DervProf wrote: »

Low rates do mean that our economy is still struggling, and although low rates may be a "bonus" to people with mortgages, they are not exactly keeping the cost of living down. A family with a modest mortgage might feel that low rates are helping them, but the effect of low rates on inflation (and the reasons that rates are low) could well be cancelling out a fair chunk of the reduction in their monthly mortgage repayments.

Depends on the size of the family's mortgage and what rate is available to them. However, it's almost virtually a given that most family's largest outgoing will be their mortgage, especially young families, and so having their largest bill 'fixed' for a few years won't be unwelcome.

A much worse scenario would be to have a stagnant economy, high imported inflation and high interest rates.