Interest rates ..
#7
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#10
Some Guru today reckons they may stay low for the next 5 years !!!!!!!
Think it was in the Mail or on BBC news .
Not saying they wont go up but the amount they rise should be kept to a minimum for some time yet .
Ohhh , Suits You Sir !!!!!
Think it was in the Mail or on BBC news .
Not saying they wont go up but the amount they rise should be kept to a minimum for some time yet .
Ohhh , Suits You Sir !!!!!
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#14
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Agreed but just 20 years will do me.
I think that it will slowly creep up, but i dont think we'll see it back up to 5% or whatever it was a year or so back for at least 4 years
Just think all those that have come out of a fixed rate for a tracker, if the rate went up as fast as it came down there'd be alot who wouldnt be able to afford their new monthly payment.
I think that it will slowly creep up, but i dont think we'll see it back up to 5% or whatever it was a year or so back for at least 4 years
Just think all those that have come out of a fixed rate for a tracker, if the rate went up as fast as it came down there'd be alot who wouldnt be able to afford their new monthly payment.
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I think very soon. Dec 09 inflation figures (due out from ONS 15/1) will show an alarming rise (circa 3.0% RPI) and the B of E will have to act. If you look at the background data (RPI indices and not the % year on year) it is plain to see this will happen.
#16
I doubt that will panic the BoE. A knee-jerk reaction now would stall recovery so they'll play it very conservatively.
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£20 they don't go before the June meeting. Easy money for you, surely?
#21
Do you work for the ONS? Or are you just having a guess at it? Serious question, not taking the ****!
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Well, due to that so called 'expert' on GMTV, we fixed again for 3 years in May 2008 at 6% or something, so we are already paying top whack and we can cope easily. Can't wait for the next 16 months to fly by so we can revert to standard variable as I don't think the BoE rates will go much past 2% for the next 3 years.
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But that money is only going back into banks pockets and they are still not lending as stupidly as before, which is a good thing. The money printing was only to prop up the banks balance sheets and stop them all from going bust.
#27
I agree pumping all that money in will create inflation at some point and they will raise interest rates to control it, in fact inflation is high for the current situation with unemployment still rising steeply
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