Well as long as Mark Carney is overseeing the UK central bank the banking system will improve steadily.
Did a decent job in Canada which is in the gutter a bit with Poloz.
And providing some additonal info is always good.
On a day dubbed “Super Thursday”, the Bank broke with tradition to publish the MPC’s August rates decision, the minutes of the meeting, and its quarterly inflation report, alongside Bank governor Mark Carney’s regular press conference.
Topic: Super Thursday: Bank of England votes 8-1 to hold interest rates (Read 757 times)
August 09, 2015, 10:34:59 AM
This is a big problem,putting off the wave longer and longer. Keep seeing stories about people half a interest rate from losing their houses and once the domino starts we are in big trouble. I live in one of the most active housing markets(thank you China) and people are totally speculating and overextended due to the low rates. Its like musical chairs and more than one person is going to be left standing.
August 09, 2015, 10:22:52 AM
There's no point in holding any relevant amounts of money in fiat anymore in any society. Maybe it seems the dollar will have a deflationary period soon, but who knows what follows after that. Stay in gold, silver and BTC imo, to hold any decent wealth. And maybe some decent stock such as Tesla.
August 09, 2015, 12:08:55 AM
There's a whole generation of people who've grown fat on low rates. Should a proper spike happen it's not going to be a pretty sight. I think the powers that be will happily send our entire future down the tubes to make sure it never occurs on their watch.
haha, as funny it is as true, I think multiple generations have had a happy lifestyle sucking out profit with low rates. If a real spike takes place, it might disrupt the market in the most negative aspects as it could as of now and I think they do have the capability/power to destroy the empire we are trying to build.
August 08, 2015, 11:19:38 PM
There's a whole generation of people who've grown fat on low rates. Should a proper spike happen it's not going to be a pretty sight. I think the powers that be will happily send our entire future down the tubes to make sure it never occurs on their watch.
The threat of disruption to markets due to a spike in interest rates, will force the Bank of England to raise interest rates very slowly, when it does happen. The hard decision to raise interest rates will just keep getting postponed, until it is too late.
August 08, 2015, 03:53:23 PM
I remember in the 1980's it was possible to receive 20% on savings but food prices were increasing weekly. I worked in supermarkets at that time and every Monday staff would be repricing stock.
August 08, 2015, 02:42:03 PM
There's a whole generation of people who've grown fat on low rates. Should a proper spike happen it's not going to be a pretty sight. I think the powers that be will happily send our entire future down the tubes to make sure it never occurs on their watch.
August 08, 2015, 01:01:35 PM
There is no reason to increase interest rates in UK,not just England, at the moment. Inflation has been falling and there is no surge in borrowing.
Keeping interest rate low for too long will set off the stage for another disaster.
August 08, 2015, 12:34:05 PM
There is no reason to increase interest rates in UK,not just England, at the moment. Inflation has been falling and there is no surge in borrowing.
August 08, 2015, 10:20:49 AM
Well, by considering the current growth rate and the forecasts of English growth rate, then we must admit that there will no increase of the interest rates in the upcoming years without having stagnation and regression as a result.
August 08, 2015, 05:34:19 AM
City analysts push prospect of a rate rise into 2016 as only one MPC member votes for an increase
Fears that the Bank of England is poised to start raising interest rates have receded, after news that just one of the nine members of its policy committee voted to increase borrowing costs from their record low of 0.5% this month.
City analysts pushed their forecasts for the first rate rise since 2007 into next year after the Bank revealed that Ian McCafferty, former chief economist at business group the CBI, cast the sole vote for higher rates when the monetary policy committee met on Wednesday.
Andrew Goodwin, of consultancy Oxford Economics, said: “The chances of a 2015 rate rise, which in our opinion were already low, have receded further.”
On a day dubbed “Super Thursday”, the Bank broke with tradition to publish the MPC’s August rates decision, the minutes of the meeting, and its quarterly inflation report, alongside Bank governor Mark Carney’s regular press conference. The new approach is aimed at ending the “drip-feed” of news from Threadneedle Street. Some analysts had expected the Bank to use the flood of information to send a strong signal that the era of ultra-low borrowing costs is coming to an end.
Read more: http://www.theguardian.com/business/2015/aug/06/super-thursday-interest-rates-bank-of-england
Fears that the Bank of England is poised to start raising interest rates have receded, after news that just one of the nine members of its policy committee voted to increase borrowing costs from their record low of 0.5% this month.
City analysts pushed their forecasts for the first rate rise since 2007 into next year after the Bank revealed that Ian McCafferty, former chief economist at business group the CBI, cast the sole vote for higher rates when the monetary policy committee met on Wednesday.
Andrew Goodwin, of consultancy Oxford Economics, said: “The chances of a 2015 rate rise, which in our opinion were already low, have receded further.”
On a day dubbed “Super Thursday”, the Bank broke with tradition to publish the MPC’s August rates decision, the minutes of the meeting, and its quarterly inflation report, alongside Bank governor Mark Carney’s regular press conference. The new approach is aimed at ending the “drip-feed” of news from Threadneedle Street. Some analysts had expected the Bank to use the flood of information to send a strong signal that the era of ultra-low borrowing costs is coming to an end.
Read more: http://www.theguardian.com/business/2015/aug/06/super-thursday-interest-rates-bank-of-england
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