Bank Of England Base Rate News

[CretinWatcher]

https://www.theguardian.com/business...interest-rates

george-osborne-says-brexit-will-drive-up-interest-rates

"The chancellor’s argument is that if there is a vote to quit the EU, sterling would slump and that would push up the cost of imports. That would mean rising prices and the MPC would have to act to prevent inflation taking hold."

What an idiot. Everyone knows sterling rose massively after Brexit due to the strength of the British Empire.

[PurpleGorilla]

I don't think they will cut rates on this occasion.

[OwlHoot]

It rather sad the way all the "told you so" Remainers pop up to hint that slowing growth is all due to Brexit, when in fact it has nothing to do with that and is part of a much larger and more ominous World-wide picture:

2016-08-02 Peter Schiff: Time Is Running Out, "Crisis Worse Than 2008 Coming"

and Peter Schiff predicted the 2008 crisis in 2007 ..

[PurpleGorilla]

It rather sad the way all the "told you so" Remainers pop up to hint that slowing growth is all due to Brexit, when in fact it has nothing to do with that and is part of a much larger and more ominous World-wide picture:

2016-08-02 Peter Schiff: Time Is Running Out, "Crisis Worse Than 2008 Coming"

Bring it on.

[Old Greg]

I don't think they will cut rates on this occasion.

Good to know.

[CretinWatcher]

I don't think they will cut rates on this occasion.

Boomed either way!

[CretinWatcher]

It rather sad the way all the "told you so" Remainers pop up to hint that slowing growth is all due to Brexit, when in fact it has nothing to do with that and is part of a much larger and more ominous World-wide picture:

2016-08-02 Peter Schiff: Time Is Running Out, "Crisis Worse Than 2008 Coming"

Quite right! Brexit will insulate us from the Johnny Foreigner's rotten economy. Boomed!

[MrMarkyMark]

I would actually welcome interest rate raise - it would mean that the economy is picking up the pace.

Yes, obviously everyone would lose their houses, which wouldn't matter as the economy would be booming, eh?

[Old Greg]

It rather sad the way all the "told you so" Remainers pop up to hint that slowing growth is all due to Brexit, when in fact it has nothing to do with that and is part of a much larger and more ominous World-wide picture:

2016-08-02 Peter Schiff: Time Is Running Out, "Crisis Worse Than 2008 Coming"

and Peter Schiff predicted the 2008 crisis in 2007 ..

Thank you for your Zero Hedge link. Brexit cheerleader AEP (for whom I've always had a soft spot) suggests the opposite in that most august of publications The Telegraph:

Surging world growth makes a mockery of Brexit panic*

Global economic growth is accelerating sharply after months in the doldrums, confounding predictions of a worldwide recession following Britain’s Brexit vote.

The monthly ‘nowcast’ gauge of global activity assembled by Fulcrum Asset Management has picked up momentum dramatically over recent weeks, signalling robust world growth of 4pc growth over the second half of the year - even if there is a hiccup in the UK. This is up from 3.4pc in the last quarter and 2.4pc in late 2015.

Fulcrum said there are glimmers of hope that the world economy is at last reaching “escape velocity” after being trapped in deflationary malaise for much of the last seven years, coping with excess debt and slowly nursing banks back to health.

The Eurozone PMI data is broadly positive. So while we all rejoice at the contratcting July UK PMI data, as it makes UK PLC more competitivie, are we to believe that this "slowing growth" has "nothing to do with that [Brexit]"? I think we should claim this as a positive Brexit outcome before the dreary Bremainers stake out the territory for themselves and talk the economy down.

[diseasex]

Yes, obviously everyone would lose their houses, which wouldn't matter as the economy would be booming, eh?

raising rates have much larger implications than simple "everyone would lose their houses".
I wouldn't, and would welcome large supply of cheap houses.
And brexit didn't deliver this.