UK interest rate decision

[BrilloPad]

Yes of course and to shore up sterling.
But then that would accelerate the economic slow-down and set us on course for recession.
Caught between a rock and a hard place.
And this is only the start of the economic woes to come, precipitated by Brexit voting cretins.

And I was about to give you +ve rep, until the 2nd half of the last sentence. DC is to blame....

[northernladyuk]

And I was about to give you +ve rep, until the 2nd half of the last sentence. DC is to blame....

You're right of course. DC put a bowl of cretin food outside the back door. You can hardly blame the cretins for eating it. One of the interesting points of learning from this fiasco is that some cretins (e.g. scooter) are fussy as to which brands of cretin food they will eat.

[jamesbrown]

How many votes will the DUP be getting?

Do they have your face on their promotional material?

[AtW]

Do they have your face on their promotional material?

[SeededLoaf]

The BoE interest rate will be near zero for another decade. This 2% inflation target is meaningless really as they won't risk raising rates triggering a recession. Even if it only lasted a few months.

Rising inflation due the falling value in Sterling is an excuse for the BoE not to raise rates as it's only 'temporary'. When that's resolved there will be another reason as it's been going on since 2008. Surely the interest rates should be automatically linked to inflation and not protecting banks and debtors...

Oh and if they take in all costs not just food and everyday expenses, then in reality it's probably already above 5%.

[The_Equalizer]

The BoE interest rate will be near zero for another decade. This 2% inflation target is meaningless really as they won't risk raising rates triggering a recession. Even if it only lasted a few months.

Rising inflation due the falling value in Sterling is an excuse for the BoE not to raise rates as it's only 'temporary'. When that's resolved there will be another reason as it's been going on since 2008. Surely the interest rates should be automatically linked to inflation and not protecting banks and debtors...

Oh and if they take in all costs not just food and everyday expenses, then in reality it's probably already above 5%.

Where would it be if they factored in housing costs since 2000?

[BrilloPad]

The BoE interest rate will be near zero for another decade. This 2% inflation target is meaningless really as they won't risk raising rates triggering a recession. Even if it only lasted a few months.

Rising inflation due the falling value in Sterling is an excuse for the BoE not to raise rates as it's only 'temporary'. When that's resolved there will be another reason as it's been going on since 2008. Surely the interest rates should be automatically linked to inflation and not protecting banks and debtors...

Oh and if they take in all costs not just food and everyday expenses, then in reality it's probably already above 5%.

So the rich become proportionally richer? I don't believe it....

[OwlHoot]

The BoE interest rate will be near zero for another decade. This 2% inflation target is meaningless really as they won't risk raising rates triggering a recession. Even if it only lasted a few months. ...

BofE interest rates will rise significantly when and only when the Septics raise their rates.

Finance wise, we're joined at the hip with them.

[BrilloPad]

Where would it be if they factored in housing costs since 2000?

That is a synthetic cost as buying a house is very difficult now.

[BrilloPad]

BofE interest rates will rise significantly when and only when the Septics raise their rates.

Finance wise, we're joined at the hip with them.

And I thought they have done so 4 times without the UK following?