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Interest Rate Rise Unlikely

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Interest Rate Rise Unlikely

Post by BigAndy9 on Thu Nov 05, 2015 6:59 pm

Guy Fawkes Night, 2015

You know what, to be someone very high up in business, do you just have to "say it confidently" - this guy, ever since coming in, has said something completely different each year, but i think he believes what he is saying each time.

Please discuss.



Forecasts for the first change in interest rates since 2009 have been pushed further into the future following the latest reports from the Bank of England.

The Bank said that the outlook for global growth had weakened, which was depressing the risk of inflation.

Economists think that indicates rates will not rise until the second quarter of next year and perhaps later.

The Bank once again held UK interest rates at the record low of 0.5%.

The Bank's Monetary Policy Committee, led by governor Mark Carney, voted 8-1 to keep rates unchanged.

UK interest rates have now remained on hold for six-and-a-half years.

http://www.bbc.co.uk/news/business-34733480
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Re: Interest Rate Rise Unlikely

Post by Vicar of Dibley on Thu Nov 05, 2015 8:52 pm

If it were to rise now people would lose their homes . They are struggling as it is .
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Re: Interest Rate Rise Unlikely

Post by Raggamuffin on Thu Nov 05, 2015 8:58 pm

I think it's a shame - no interest on savings to speak of, and house prices will keep going up and up.
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Re: Interest Rate Rise Unlikely

Post by Vicar of Dibley on Fri Nov 06, 2015 8:57 am

That's definitely a shame for savers , but if people don't get paid enough to afford mortgages or to save its a vicious circle , its all down to greed really .
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Re: Interest Rate Rise Unlikely

Post by BigAndy9 on Fri Nov 06, 2015 2:46 pm

Vicar of Dibley wrote:That's definitely a shame for savers , but if people don't get paid enough to afford mortgages or to save its a vicious circle , its all down to greed really .

True VOD, but supply and demand of houses in this country is ridiculous - have we seen 10 million new rooms created in the past 20 years?

That's how many people have come here.

Is it slowing down? No, immigration is rising rapidly.
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Re: Interest Rate Rise Unlikely

Post by Vicar of Dibley on Fri Nov 06, 2015 6:01 pm

Andy I agree
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Re: Interest Rate Rise Unlikely

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