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BOE to hold firm on low interest rates
HAMISH_MCTAVISH
Posts: 28,592 Forumite
http://www.theguardian.com/business/2013/aug/25/bank-england-interest-rates
Rates won't be rising until the recovery is firmly "locked in" and the economy reaches "escape velocity".
Very good news. :beer:
Rates won't be rising until the recovery is firmly "locked in" and the economy reaches "escape velocity".
Very good news. :beer:
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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HAMISH_MCTAVISH wrote: »
Rates won't be rising until the recovery is firmly "locked in" and the economy reaches "escape velocity".
Or until unforeseen events overtake them and rates have to rise."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »Or until unforeseen events overtake them and rates have to rise.
We've been hearing that same old song for 5 years now.
Time to change the record....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
grizzly1911 wrote: »Or until unforeseen events overtake them and rates have to rise.
Events in the USA appear to have already sent out waves with a global impact. Hard to see the UK not being affected.0 -
HAMISH_MCTAVISH wrote: »We've been hearing that same old song for 5 years now.
Time to change the record....
We are in uncharted waters Carney cannot control the world financial system, hence the term unforeseen. Our economy is a busted flush."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Originally Posted by HAMISH_MCTAVISH
We've been hearing that same old song for 5 years now.
Time to change the record....
What's the hurry? Still 6 years for banks to meet the requirements of Basle 3.
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hardly an original observation, but it's been such a long time since unemployment was that low.
i'm not at all sure that it's going to be possible to just inflate the best part of a million jobs out of nowhere.FACT.0 -
Carney is having to state this as his last statement didn't work as intended.
I'm not sure saying it again will make any difference to be honest.0 -
All pretty obviously really.HAMISH_MCTAVISH wrote: »http://www.theguardian.com/business/2013/aug/25/bank-england-interest-rates
Rates won't be rising until the recovery is firmly "locked in" and the economy reaches "escape velocity".
Very good news. :beer:
I've never understood why so many threads gets started by the usual suspects about rates going up trying to scare and mis-inform people.0 -
Graham_Devon wrote: »Carney is having to state this as his last statement didn't work as intended.
I'm not sure saying it again will make any difference to be honest.
He can do a lot more than just state it though.
He can actually follow through and take actions to ensure it.
Central banks are the most powerful financial entities on earth. "The Markets" are well and truly outgunned in this fight....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Central banks are the most powerful financial entities on earth. "The Markets" are well and truly outgunned in this fight....
All I have to say on this one is:
Yer rightyo oh fella.
Central banks may be powerful, but you confuse banks with bank.0
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