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Interest rate rises likely to start from Spring 2015
vivatifosi
Posts: 18,746 Forumite
Speaking to Sky News:
Martin Weale is one of 9 members of the MPC that votes on interest rates
"I think it is very helpful that we try and explain that the most likely path for interest rates is that the first rise will come perhaps in the Spring of next year and then that the path is likely to be relatively gradual."
Martin Weale is one of 9 members of the MPC that votes on interest rates
"I think it is very helpful that we try and explain that the most likely path for interest rates is that the first rise will come perhaps in the Spring of next year and then that the path is likely to be relatively gradual."
Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Maximum increase will be 0.1% a year ... that's it.
Governments and people cannot cope with high Interest Rates.
No-one reading this will see IR's higher than 2% in their lifetimes .... of that there is no doubt at all.Bringing Happiness where there is Gloom!0 -
Maximum increase will be 0.1% a year ... that's it.
Governments and people cannot cope with high Interest Rates.
No-one reading this will see IR's higher than 2% in their lifetimes .... of that there is no doubt at all.
The inference was certainly that there will be a slow path upwards and not returning to 5%.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Gradual path towards 3.5% - 4% seems to be current view.
With overrall indebtedness going to take decades to wean people off the debt addiction.
Of course the unknown is that we may have another recession at any time. So debt overhang is a considerable problem.0 -
No-one reading this will see IR's higher than 2% in their lifetimes .... of that there is no doubt at all.
No of course they won't dearie
………and VAT will be reduced to 8% :rotfl:
http://forums.moneysavingexpert.com/showpost.php?p=53806717&postcount=10 -
vivatifosi wrote: »Speaking to Sky News:
Martin Weale is one of 9 members of the MPC that votes on interest rates
"I think it is very helpful that we try and explain that the most likely path for interest rates is that the first rise will come perhaps in the Spring of next year and then that the path is likely to be relatively gradual."
I suspect the MPC will be 'invited' to dinner in Downing St. and reminded of why that wouldn't be a good idea before June 2015Change is inevitable, except from a vending machine.0 -
No-one reading this will see IR's higher than 2% in their lifetimes
In 2008, people thought the same that no would see less than 3% BoE IR in their life time
Just learn to be surprised.Happiness is buying an item and then not checking its price after a month to discover it was reduced further.0 -
Artificially low rates are getting more and more people addicted to more and more debt. Just wait for the next crisis that is in the making.Thrugelmir wrote: »Gradual path towards 3.5% - 4% seems to be current view.
With overrall indebtedness going to take decades to wean people off the debt addiction.
Of course the unknown is that we may have another recession at any time. So debt overhang is a considerable problem.0 -
That's a date that is going to be revised nearer the time. Can see it getting pushed further.0
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Artificially low rates are getting more and more people addicted to more and more debt. Just wait for the next crisis that is in the making.
You often use this phrase, shortchanged, 'artificially low rates'.
They are low, agreed, but what is artificial about them?
Were interest rates pre-crash artificially high?
What would be a non-artificial interest rate?Don't blame me, I voted Remain.0 -
Non artificial interest rate is when it is adjusted for inflation by considering house price rise.
Current inflation calculation discards the effect of house price rise.Happiness is buying an item and then not checking its price after a month to discover it was reduced further.0
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