Bank Of England Base Rate News

[diseasex]

Hmmm....

maybe you just do not know manchester.

I know. It's quite nice, everything is close etc, but I got bored of it

[DimPrawn]

Base rate now 0.25% and 475bn of funny money every month to prop up house prices.

BTLers get the Champagne on ice!

[PurpleGorilla]

Given the 8-1 vote to keep IR on hold last month, what has deteriorated that much to warrant the -0.25% cut?

[DimPrawn]

Given the 8-1 vote to keep IR on hold last month, what has deteriorated that much to warrant the -0.25% cut?

House prices are only going up 5% per month instead of 15%.

[diseasex]

House prices are only going up 5% per month instead of 15%.

Are you competing with GB9 for Chief CUK Economist Muppet title?

[AtW]

Given the 8-1 vote to keep IR on hold last month, what has deteriorated that much to warrant the -0.25% cut?

They did not do anything last month to show they are cool as a cucumber and now they are cutting rates by 50% (!!!) to show that they are really headless chickens.

HTH

[DimPrawn]

They did not do anything last month to show they are cool as a cucumber and now they are cutting rates by 50% (!!!) to show that they are really headless chickens.

HTH

They haven't got a clue. QE simply leaks out of the bond market into equities and assets such as property. It has no effect on boosting productivity, income or spending.

Carney needs to go ASAP. He's a pointless idiot.

[MrMarkyMark]

Are you competing with GB9 for Chief CUK Economist Muppet title?

Coming from the man who couldn't perform simple mortgage calculations recently

[AtW]

They haven't got a clue. QE simply leaks out of the bond market into equities and assets such as property. It has no effect on boosting productivity, income or spending.

Carney needs to go ASAP. He's a pointless idiot.

Au contraire mon ami, Carney is a very useful idiot.

It's clear that they will print money to buy £60 bln Govt bonds - that is likely to go into some very stupid tax cut like in VAT, instead of infrastructure or even more essential area such as cutting dividend taxes...

[diseasex]

Coming from the man who couldn't perform simple mortgage calculations recently

You mean I used internet calculator and it was wrong on the first place on google? Blame me.