> The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflation pressures that are gaining a foothold in Britain’s economy, BoE Deputy Governor Dave Ramsden said.
why don’t we just admit, The Economy is Finished and move straight in to the barter system.
I so done with this drip feed of disaster.
Lets end the fiscal system
( I know I know, I’m just fed up with it all)
Its pretty obvious its being slowly walked up to 5%+
Another 0.5 and 0.25 rise and we are halfway there by autumn.
No shit. It’s still way below any sort of long-term “normal” level, and it might well need to go well above that before it makes a meaningful difference. My guess is that it’ll be salami all the way up to a 10% base rate before anything settles down.
They will raise rates until ‘something breaks’ unless the fed keeps raising and their ‘something breaks’ first.
That something could be housing market, stock market, hedge fund or emerging market currency chaos we shall see
What happens if many fixed terms mortgages are below the b of e base rate? Will banks start to lose money? How much risk is there for the banks?
The way the BoE handle this is particularly stupid and causes market chaos. The US Fed commit to 6/7 rises so markets can adapt to the long term trend.
How about they bail us out for a change.
Brilliant news! Time to bung everything in to high interest savings accounts!
As Frankie Boyle said last week, it’s not a recession we’re witnessing it’s a robbery by the banks. It rings very true. Criminals.
We need lower interest rates to stimulate the economy. People don’t have any money to save? This is just going to add to the cost of living and slow recovery. Inflation is currently caused by the energy crisis, Covid and brexit.
11 comments
> The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflation pressures that are gaining a foothold in Britain’s economy, BoE Deputy Governor Dave Ramsden said.
why don’t we just admit, The Economy is Finished and move straight in to the barter system.
I so done with this drip feed of disaster.
Lets end the fiscal system
( I know I know, I’m just fed up with it all)
Its pretty obvious its being slowly walked up to 5%+
Another 0.5 and 0.25 rise and we are halfway there by autumn.
No shit. It’s still way below any sort of long-term “normal” level, and it might well need to go well above that before it makes a meaningful difference. My guess is that it’ll be salami all the way up to a 10% base rate before anything settles down.
They will raise rates until ‘something breaks’ unless the fed keeps raising and their ‘something breaks’ first.
That something could be housing market, stock market, hedge fund or emerging market currency chaos we shall see
What happens if many fixed terms mortgages are below the b of e base rate? Will banks start to lose money? How much risk is there for the banks?
The way the BoE handle this is particularly stupid and causes market chaos. The US Fed commit to 6/7 rises so markets can adapt to the long term trend.
How about they bail us out for a change.
Brilliant news! Time to bung everything in to high interest savings accounts!
As Frankie Boyle said last week, it’s not a recession we’re witnessing it’s a robbery by the banks. It rings very true. Criminals.
We need lower interest rates to stimulate the economy. People don’t have any money to save? This is just going to add to the cost of living and slow recovery. Inflation is currently caused by the energy crisis, Covid and brexit.
Weird decision to make.