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Interest rates
Comments
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I think rates will hit 6% this year and will peak at 6.5% next summer/autumn because of sustained inflationary pressures. This will trigger a serious house price correction in 2008 and the economy will suffer leading to interest rate cuts.
The boom/bust cycle has not ended, it's simply been protracted because of the credit binge and low interest rates.0 -
what will happen with all the 0% cards as the rates increase, will be that the banks are much stricter about who they give the cards to. This is another factor involved in any credit 'crunch'. Credit is still available, but it's harder to get.It's a health benefit ...0
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Who does G.Brown think he is,King Canute.We have put an end to boom and bust.Yea,right!0
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yea but he does set the inflation target and the cpi's "basket" of goods0
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Yes but it was GB(H) who said "no more boom and bust"
The BoE up to last August were saying "ummm, errrrrr, better not.... time for lunch?"0 -
ginger_nuts wrote: »G.Brown doesnt set the interest rates,the BOE do that
Though he does choose who sits on the committee and has one his gimps observing as they ponder their next decision. If a MPC member falls out line, then the gimp may report back to Brown.
That's uncomfortably influential in my eyes.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
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Blimey, that's even better than Basil Brush.... BOOM BOOM...0
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