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Interest rates may rise this year
Stompa
Posts: 8,348 Forumite
Comments
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We live in hope.0
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Too late?...0
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Hi,
whoopee :j :j, bump them up, maybe get a decent return on my savings, we've had it hard for years.0 -
BoE rate drops in 2009 didn't hit deposit rates nearly as hard as the Funding For Lending Scheme did in 2012. I don't expect any real movement in savings rates until FLS ends0
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This time next year the rates will back up to 5% ,once they climb ,they climb .
So its happy days for savers !0 -
Happy days for savers, bad news for the other 90% of the population0
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Albert_Tatlock wrote: »Happy days for savers, bad news for the other 90% of the population0
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Surely with insignificant growth in exports compared to balancing the economy or any reduction/actual increase in the debt, bank rate of 5% next year will push us into large swathes of negative equity if not another recession? I think normal levels of interest rate are a while away yet, and they are talking about a 0.25 rise maybe.
QE unwinding remains the elephant in the room that could still cause a large drop in markets. Surely the only thing to bump up rates fast would be a disastrous run on the pound?0 -
Albert_Tatlock wrote: »Happy days for savers, bad news for the other 90% of the populationStompa0
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Albert_Tatlock wrote: »Happy days for savers, bad news for the other 90% of the population
I wouldn't exactly say it is 'bad news' even though I am about £29k a year better off with rates now compared to where they were, it has been a great run that has lasted over 5 years and still counting. Even when they go up they will creep up and perhaps not quite get up to where they were in 2008, giving a few more years of comparatively low rates, so I think it is a bit strong to call it 'bad news', especially when it indicates a recovering economy.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0
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