Poll - What do YOU THINK the MPC should do on 7th Feb?

free4440273

I think they should Hold. But they will cut by .25, possibly even .50. (Fed might even cut again before their March meeting: Don't know whether to :eek: or :rotfl:). Goodbye Sterling; I remember the days of gbp/usd 2.130, a brief love affair:rotfl:

aardvaak

dannyboycey wrote: »

Go some way in stopping inflation going further out of control and make people realise they have to face up to their debts and stop borrowing. It would also help to speed up the inevitable.

It would also benefit those hard working people who actually save money (yes we do exist) - Because at the moment, the government are taking the p*** out of us big time.

Well said dannyboycey

aardvaak

Running_Horse wrote: »

Bring us into line with Europe and the USA.

There is no reason we need higher interest rates in this country.

Yes there is - as dannboycey said to reward us hard working savers and not reward the whinging borrowers who have got themselves to blame for borrowing.

Interest is my only source of income.

Gorgeous_George

I think that they should cut by 0.50%. Given the choice of inflation or mass repossession, I vote for inflation. It's the lesser of two evils.

GG

aardvaak

Has anyone else noticed how the pr*ts on TV all look happy and bubbly today.

Why is it every month when the MPC are about to meet the media try to campaign for a cut?

aardvaak

Gorgeous_George wrote: »

I think that they should cut by 0.50%. Given the choice of inflation or mass repossession, I vote for inflation. It's the lesser of two evils.

GG

What about my income - I bet you would not be too happy if your employer wanted to cut your wages?

WTF?_2

Gorgeous_George wrote: »

I think that they should cut by 0.50%. Given the choice of inflation or mass repossession, I vote for inflation. It's the lesser of two evils.

GG

Unless incomes rise to match inflation, mass repossession is likely anyway as people will find their disposable income shrinking.

If the money isn't taken out of their pockets through higher interest rates then it will be eroded by inflation instead.

Price inflation without wage inflation makes people poorer across the board. I don't fancy being made poorer in an attempt to spread the financial fallout from idiots who borrowed too much. Let them bear the consequences of their stupidity themselves.

Also, lower interest rates would make it easier for businesses with large debts to repay them - but they won't help any business looking to take on new debt as the new conditions in the credit market are making it harder and harder to get. Therefore their impact on stimulating the economy may have been overestimated by low-interest rate advocates.

free4440273

free4440273 wrote: »

I think they should Hold. But they will cut by .25, possibly even .50. (Fed might even cut again before their March meeting: Don't know whether to :eek: or :rotfl:). Goodbye Sterling; I remember the days of gbp/usd 2.130, a brief love affair:rotfl:

.25 cut, and savers screwed yet again :mad:

firsttimetom

Gits!!

They are repeatly screwing us over. I'm very annoyed.

At least people up to their neck in debt will have some recourse which makes me feel better ........... NOT.

(Actually if this will push share prices up a little it be a very small silver lining as my Halifax owned ISA S+S has not been doing so well)

Gorgeous_George

aardvaak wrote: »

What about my income - I bet you would not be too happy if your employer wanted to cut your wages?

My wages are eroded most years with below-inflation pay rises. I get used to it and look for other ways to boost income.

Anyway, a 0.25% cut it is.

GG