Shock move - BoE have RAISED interest rates

[Francko]

But if they had raised them TWO or more years ago we wouldn't have had ANY bust.

Still the pound sterling is at the same level as yesterday.

aTW must have been so disappointed.*

* question: what the hell does he care? he doesn't have any

[HairyArsedBloke]

It's such a shame and failure that he gave the policy to the MPC. He could have reduced rates a year ago otherwise, and we could have avoided most of the next year's BUST.

But if they had raised them TWO or more years ago we wouldn't have had ANY bust.

[d000hg]

It's such a shame and failure that he gave the policy to the MPC. He could have reduced rates a year ago otherwise, and we could have avoided most of the next year's BUST.

And if he kept control over the interest rates, everyone would complain he was being too much of a dictator and should delegate it.

[Cyberman]

Brown hasn't. The Bank of England Monetary Committee has.

It's such a shame and failure that he gave the policy to the MPC. He could have reduced rates a year ago otherwise, and we could have avoided most of the next year's BUST.

[HairyArsedBloke]

I was just looking on a few bank sites at savings deals. All the instant ones are now < 4%. While the fixed rate mortgages are circa 6%.

Boomed for the banks!

I refer the gentleman to the answer I gave before.

[TheFaQQer]

I don't understand why Brown has lowered interest rates so drastically when we have no return to Boom and Bust.

Brown hasn't. The Bank of England Monetary Committee has.

[Bagpuss]

I was just looking on a few bank sites at savings deals. All the instant ones are now < 4%. While the fixed rate mortgages are circa 6%.

Boomed for the banks!

[BrilloPad]

By -1.5%


HTH

Did you read that in the daily mail? And how much are the MPC committees' houses worth?

[Cyberman]

I don't understand why Brown has lowered interest rates so drastically when we have no return to Boom and Bust.

[HairyArsedBloke]

stock traders are dickheads

To borrow a phrase from Winnie - Oh Yes!

[Bagpuss]

If interest rates stayed the same they would have paniced due to the expectation of them falling

If interets rates fell by .5 points they would have paniced due to them doing what was expected

Now they have fallen to the lowest rate since the 50s they paniced due to the economy being worse than thought

In summary: stock traders are dickheads

[Mich the Tester]

It doesn’t make a blind bit of difference to the amnesiac investors on the stock market who’ve gone on another mass selling action today, after economic news saying that western economies are in recession. What kind of news were they expecting?

[DimPrawn]

By -1.5%


HTH