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Interest Rates on Thursday
Comments
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mystic_trev wrote: »Right - who was the joker that voted - 0.50% ? Own up! You can get odds of 1000:1 for that on betfair!
oh cripes, i just clicked the wrong one, so take a vote off -0.5% - I meant +0.5%!!!Cider Country Solar PV generator: 3.7kWp Enfinity system on unshaded SE (-36deg azimuth) & 45deg roof0 -
MPC have lost a little credibility.
They should have +.25 last month. Time they showed that they are going to take inflation seriously.
+0.5 as these little raises arn't working.0 -
Up 0.25% as we're voting on what they're likely to do, not what they should do (or already have done).
As BTMan said - inflation is more than 50% over target and has been creeping up for the last year (when it was "only" 20%+ over target). I forget the numbers, may have been at least 30% over target but forecast to come down well before now (just keep shifting the forecasts back - bound to be right eventually...).0 -
If they increase rates to curb spending are they suggesting that only borrowers spend?
What do they think I'm going to do with all the extra interest I earn on my savings?
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
0.5% increase with Tony's news re resignation being announced on the same day to bury the rate rise newsMFIT No. 810
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+.25 - they won't have the balls to do the full whack.
Coupled with Blair resigning and a Labour leadership election which will culminate in, ooh, Nov 2008 :cool:Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson0 -
Gorgeous_George wrote: »If they increase rates to curb spending are they suggesting that only borrowers spend?
What do they think I'm going to do with all the extra interest I earn on my savings?
GG
Savers tend to save, borrowers tend to spend. Also there's more money borrowed than saved."Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
Guy_Montag wrote: »Savers tend to save, borrowers tend to spend. Also there's more money borrowed than saved.
Surely a better way to curb spending woiuld be to increase VAT or income tax. This would impact savers and fixed-rate mortgagees as well as 'other' borrowers.
Personally, I think savers spend and save while borrowers only spend.
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
Gorgeous_George wrote: »Surely a better way to curb spending woiuld be to increase VAT or income tax. This would impact savers and fixed-rate mortgagees as well as 'other' borrowers.
Personally, I think savers spend and save while borrowers only spend.
GG
I think some countries do work it that way - the govt. effectively removes money from the economy through tax. Turkey springs to mind. Can anyone shed any light?
But the second part of my point still stands, more money is borrowed than saved."Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
mystic_trev wrote: »I've had a bet "on any other change" I know it's unlikely but the MPC could fudge it and go for (say) a 0.35% increase as they don't have to rise by increments of 0.25% and the odds were just too good!
I laid +25bps, my mistake. Got it at 1.16 (now 1.11).0
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