Interest Rates

aardvaak

Why is it that every month the media go about trying to convince the BOE to lower interest rates.

I may be wrong but I don't think there has ever been a time they have called for an increase. Why is this?

On the times rates have been reduced the newsreaders look happy and chirpy and on the times rates have gone up they look glum and miserable.

RayWolfe

For the same reason that people here, generally, only post when a provider has mucked something up, rather than when they've had some good service.
Bad news sells newspapers!

free4440273

Note also that the news media failed to report yesterday's BofEngland decision to hold rates (no explanation, no analysis, zilch). And yet, if the BofE had lowered rates...

aardvaak

RayWolfe wrote: »

For the same reason that people here, generally, only post when a provider has mucked something up, rather than when they've had some good service.
Bad news sells newspapers!

I don't buy newspapers anymore also I thought their circulation were down on years ago!

purch

(no explanation, no analysis, zilch)

which is probably a good thing, especially on the Beeb, cos they'd only wheel out the fool with the scarey eyes and big ears, or even worse the idiot Peston and neither of them have a clue about anything relating to the economy or economics :eek: so no one would be any the wiser !!!

Aegis

free4440273 wrote: »

Note also that the news media failed to report yesterday's BofEngland decision to hold rates (no explanation, no analysis, zilch). And yet, if the BofE had lowered rates...

The explanations will only really be available when the minutes of the MPC meeting are published. At that point you can read the salient points of the discussion for yourself and can gain some insight into the effects that they hope their decision will have.

nilrem_2

aardvaak wrote: »

Why is it that every month the media go about trying to convince the BOE to lower interest rates.

I may be wrong but I don't think there has ever been a time they have called for an increase. Why is this?

On the times rates have been reduced the newsreaders look happy and chirpy and on the times rates have gone up they look glum and miserable.

It's because of that 'Holy grail' House prices, IMHO they just don't care less about the huge number of savers who income has been reduced.

manic_saver

I have a mortgage, but at the same time i have savings. What annoys me is that if they cut the rate, my mortgage does not go down, but the rate on everyones savings does :rolleyes: . I think the savers are getting a raw deal out of this. :mad:

MattB_4

What type of mortgage do you have?

manic_saver

MattB wrote: »

What type of mortgage do you have?

Variable Rate Mortgage. It does say in the terms and conditions that "Any change in the Bank of England Base Rate, up or down, will be reflected in your mortgage rate." So why not the cut, could this be inflation?