tony de wonderful

What do you think?

With recent upbeat data it is hard to sustain the argument that ultra low interest rates are needed.

http://www.theguardian.com/business/...nd-mark-carney

dpb

10% by Start November.

urban

iTrader: (1)

Can't see it happening any time soon

Dr Hu

Thought Mark Carney had said he wanted them to stay low for the next 5 years?

Leslie

What is the reasoning that they will go up soon?

Les

tony de wonderful

Back to normalcy I assume? To curb inflationary pressure as the economy gets back to growth. Of course the BofE gave themselves and employement level mandate now too so inflation isn't the sole concern.

^Qwerty^

Tis an interesting one; I expect there are many many people out there without much slack in their ability to service their mortgage payments, and thus any % rise at all could quickly see the house of cards come crashing down (again).

Cant' see it myself, at least not for at least a year.

hodgy0_2

One thing is absolutely certain, it is going to be a fairly joyless recovery for the majority

cookstar

iTrader: (6)

I do hope not, I'd like to see another few years at least at its current level.

Jimbob

iTrader: (13)

Didn't Mark Carney say that interest rates would be linked to the unemployment %age??

stevebt

iTrader: (8)

7% uemployment and the BOE is raising the rates

njkmrs

I am quite happy for them to remain as they are for several more years.

It makes sense to me !!!

Dingdongler

The markets seem to be pricing in a rise. Carney may well give 'forward guidance' but it is not statute, he has plenty of get out clauses.

A small increase in rates might be a good thing. It could cause a more gradual but ultimately greater increase in house prices.

Carney caused a house price surge in Canada, he will very probably do the same here.

Just make sure you are adequately invested in property, the prices we see today will seem cheap in a couple of years time!!

jonc

Time to turn on the printing presses again!

tony de wonderful

How will a base rate rise fuel house prices?! It will make borrowing more costly and even a marginal increase has a cost of putting feckless borrowers out on the street.

Loading up on tons of debt in property could be good yeah, it will lead to a Mexican stand off with a state that dare not significantly raise rates for fear of crashing the economy. At some point the property bubble can never be unwound without catastrophe.

Carlh

yes please keep the rates low, im paying about £150 less than I was before the drop. It helping me with my food and power bills which are going up

zip106

http://www.bbc.co.uk/news/business-23973421