Carney guarantees low rates on breakfast tele

Fella

ukcarper wrote: »

How many people are on interest rates of less than 3%

Everyone on an index-linked mortgage. Which will presumably mean now mean pretty much everyone with a mortgage now that the BOE has effectively announced 0.5% base rates for a minimum of 3 years.

Fella

chewmylegoff wrote: »

Carney pledged to keep interest rates at their current level until unemployment falls below 7%.....of course he caveated this 'promise' by saying that he was good for his word unless he changed his mind and decided that it was appropriate to raise rates even though unemployment was still above 7%. So basically he said nothing.

Ooh I disagree, I think he said plenty. Until today the BOE had a (theoretical) remit based on inflation. Today's announcement basically guarantees that even if inflation went to say 4% or probably higher, there's no possibility of a rise in IRs. His caveats were purely in case of extreme scenarios (runaway inflation or other disasters) IMO. The message was loud & clear: IRs will be kept at 0.5% indefinitely unless something very substantial forces otherwise. A quite different message to the one we've had thus far (albeit in practice quite possibly not very different since the BOE has clearly had no intention of raising IRs regardless of inflation for a long time now).

HAMISH_MCTAVISH

Fella wrote: »

With inflation at 3% & IRs at much less than that, Borrowers are effectively being paid interest on their loans, whilst savers are being charged interest on their savings

Yes, cheers for that. :beer:

Jolly decent of you.

ukcarper wrote: »

How many people are on interest rates of less than 3%

:wave:

ukcarper

Fella wrote: »

Everyone on an index-linked mortgage. Which will presumably mean now mean pretty much everyone with a mortgage now that the BOE has effectively announced 0.5% base rates for a minimum of 3 years.

SMI is currently 3.63% which I believe is the average mortgage rate.

Fella

HAMISH_MCTAVISH wrote: »

Yes, cheers for that. :beer:

Jolly decent of you.



:wave:

You really do make yourself look awfully stupid when you make laughably inaccurate assumptions.

You may very well have an opinion based solely on posting how everything that benefits you personally is not only good but also, always justifiable & correct.

Don't make the mistake of thinking everyone is that limited in their outlook.

lvader

Loughton_Monkey wrote: »

Although I say it myself, my retirement planning was impeccable.....

Shame about the assumptions....

Then you have nothing to worry or moan about.

chucky

HAMISH_MCTAVISH wrote: »

Yes, cheers for that. :beer:

Jolly decent of you.



:wave:

Yet another poster who makes ridiculous statements but can't back them up. Fella must be another one who's an expert in Forumonics.

Fella

An expert on forum morons maybe, there are plenty here to study.

chucky

chucky wrote: »

Yet another poster who makes ridiculous statements but can't back them up. Fella must be another one who's an expert in Forumonics.

He still can't back up his ridiculous statements. Bless him, lucky he has the Internet to communicate. 20 years ago he would have been writing messages to people on the back of toilet doors.

Fella

chucky wrote: »

He still can't back up his ridiculous statements. Bless him, lucky he has the Internet to communicate. 20 years ago he would have been writing messages to people on the back of toilet doors.

Lol, did you use the same logon by mistake? Most people don't quote themselves & reply to themselves as if they're talking to someone else....