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Like I was saying.........
DervProf
Posts: 4,035 Forumite
Mr Bean agrees with me.
http://www.theguardian.com/business/2014/may/25/uk-interest-rates-rise-bank-of-england
A gentle rise in rates soon as a preventitive measure is a better option than having to raise rates more quickly at a later date.
If the UK didn't rely on mortgage debt so much (or have so much mortgage debt), a rise in rates from 0.5% would hardly be headline news.
http://www.theguardian.com/business/2014/may/25/uk-interest-rates-rise-bank-of-england
A gentle rise in rates soon as a preventitive measure is a better option than having to raise rates more quickly at a later date.
If the UK didn't rely on mortgage debt so much (or have so much mortgage debt), a rise in rates from 0.5% would hardly be headline news.
30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
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Mr. Bean has voted to either maintain or decrease rates every month since June 2007.0
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funny how lots of people keep saying rates need to go up gradually now, but I get the feeling that they won't until after next May for some reason... not that rate rises are politically motivated at all....0
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Like everybody has been saying.......when Interest rates do start to rise, it will be in small "gentle" steps.'In nature, there are neither rewards nor punishments - there are Consequences.'0
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A gentle rise in rates soon as a preventitive measure is a better option than having to raise rates more quickly at a later date.
Hasn't there been forward guidance saying that when rates do rise it will be "gentle", whenever it happens?If you think of it as 'us' verses 'them', then it's probably your side that are the villains.0 -
Hasn't there been forward guidance saying that when rates do rise it will be "gentle", whenever it happens?
It's pretty much a given, though having said that post-election if limiting it to gradual increases is causing big issues I could see them being forced to move faster.
I've just switched to a 2 year tracker at 0.3% lower than my current tracker rather than a 2 year fix at 0.1% more. I expect rates to rise but not for around a year and even then only gradually.Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...0 -
Hasn't there been forward guidance saying that when rates do rise it will be "gentle", whenever it happens?
Yes, but the longer a rise is "delayed", the more chance that the "gentle" increase might need to be less gentle.
The horse seems to be getting closer to the open gate.
30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
Yes, but the longer a rise is "delayed", the more chance that the "gentle" increase might need to be less gentle.
The horse seems to be getting closer to the open gate.
I don't expect the MPC to miss the window and have to be less gentle with the rises. You can call me out on this if they do, and rates do rise suddenly, or even less gently.If you think of it as 'us' verses 'them', then it's probably your side that are the villains.0 -
If the UK didn't rely on mortgage debt so much (or have so much mortgage debt), a rise in rates from 0.5% would hardly be headline news.
Not just mortgage debt. It's the total amount of debt. In unchartered waters so no one knows how the future is going to unfold. As interest rates will have an impact on the economy in some form.0
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