Interest rates will go up quicker than anyone expects, ex-Bank of England officials w

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

AtW replied

4 August 2010, 17:37
Originally posted by gingerjedi View Post

And a posh shed.

eco-shed
Leave a comment:
gingerjedi replied

4 August 2010, 17:21
Originally posted by shaunbhoy View Post

Yeah. You'll be able to blow some serious coin on yet another virtual motorbike!!!

And a posh shed.
Leave a comment:
AtW replied

4 August 2010, 16:52
Originally posted by sasguru View Post

Finally us paid-orf mortgage, saving types will have something to cheer.

WSGS
Leave a comment:
shaunbhoy replied

4 August 2010, 16:44
Originally posted by sasguru View Post

Finally us paid-orf mortgage, saving types will have something to cheer.

Yeah. You'll be able to blow some serious coin on yet another virtual motorbike!!!
Leave a comment:
sasguru replied

4 August 2010, 16:43
Finally us paid-orf mortgage, saving types will have something to cheer.
Leave a comment:
Scrag Meister replied

4 August 2010, 16:29
Originally posted by TimberWolf View Post

2.5% is still below even the official inflation rate. Banks will still be being paid to borrow. At least I assume that rate represents the rate banks borrow at.

My mortgage rate will then be 2.99%.
Leave a comment:
shaunbhoy replied

4 August 2010, 16:28
Why should you care Alexei? You will still be living in rented as you don't have the cojones to buy your own place!!
Leave a comment:
TimberWolf replied

4 August 2010, 16:21
2.5% is still below even the official inflation rate. Banks will still be being paid to borrow. At least I assume that rate represents the rate banks borrow at.
Leave a comment:
AtW started a topic Interest rates will go up quicker than anyone expects, ex-Bank of England officials w

4 August 2010, 16:17
Interest rates will go up quicker than anyone expects, ex-Bank of England officials w

Sir John Gieve, an ex-deputy Governor, and Charles Goodhart, a previous member of the Monetary Policy Committee, are the most senior economists yet to have opposed the current orthodoxy that rates will stay low for a prolonged period. The warning will come as a relief to savers but as a shock to home owners, many of whom are able to meet their mortgage repayments only because of record low rates of 0.5pc.

Addressing Fathom Financial Consulting’s Monetary Policy Forum, Sir John said: “I am expecting a recovery – when that is strongly established I’d expect rates to start rising faster than the market currently expects. I wouldn’t be at all surprised to see interest rates at 2.5pc a year from now.”

More: Interest rates will go up quicker than anyone expects, ex-Bank of England officials warn - Telegraph

------------------

Rates should have been 5-7% already and average house price should have been 3x average salary (75-80k)
Tags: None