Carney indicates BOE likely to cut interest rates + possible Quantitative Easing

mwpt

Conrad wrote: »

IMF argued for months the pound was 12-18% over valued and hurting competitiveness, a rate fall can only help keep it down, excellent

You seem to adjust your views to anything that is inline with the narrative that brexit = good, eu = bad.

I have no doubt whatsoever that you would be overjoyed with new found prosperity if the pound had increased in value after the result.

I understand you are just being positive, but it makes for pretty bland discussion.

mayonnaise

mwpt wrote: »

I have no doubt whatsoever that you would be overjoyed with new found prosperity if the pound had increased in value after the result.

Similarly, if inward investment stalls post brexit, this is great news as less profits and dividends flow out of the UK.
But if a singular company like Boeing invests, this is a sign of confidence in the post-brexit tiger economy.
:rotfl:

lee111s

Rate held at 0.5%

[Deleted User]

lee111s wrote: »

Rate held at 0.5%

Suddenly............ nothing happened!

WR

wotsthat

I've already started planning for a board (homeowners only) get together in 2019 to celebrate the 10th year of super low interest rates.

My 8.95% mortgage of 1998 seems like a world away.

lee111s

Well the ftse 100 dropped about half a percent, but USD and EUR are both up.

worldtraveller

Looks like the city economist clowns got it wrong.....again!

SalarySlave

With my tiny knowledge of the situation I feel a small rise in interest rates would benefit the majority. Firstly the pound would be worth more giving us more buying power, afterall we are an import nation. 2nd This increase in the pound would deter foreign investment in our property market, which could possible help cool the London market a bit, combined with higher interest rates it may actually reduce the price of housing as people spend more on their mortgages.
I don't want to put people out of their homes but something needs to be done regarding the price of housing.
Finally inflation may finally rise toward the target of 2% and wages rises may follow sooner or later

Graham_Devon

worldtraveller wrote: »

Looks like the city economist clowns got it wrong.....again!

Or yet another instance of Carney giving forward guidance that comes to nothing again.

Conspiracy theory I know - but I feel if Osbourne hadn't have been sacked, rates would have been 0.25, or even 0% right now.

We could see a rather big change in Carney now that the man who hired him has gone.

Thrugelmir

Graham_Devon wrote: »

Or yet another instance of Carney giving forward guidance that comes to nothing again.

a lot has changed in the past 48 hours...........