Interest Rates Go Up 0.25%

Discussion in 'Current Affairs, News and Analysis' started by Sven, Jan 11, 2007.

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  1. No lilnk yet, but reported on News24.

    Looks like the Bank of England is addressing the housing situation
  2. Not yet...............25BP won't do it - but a spike up to 8% for 3 months and then drop it to 6% would.

    The B of E has left interest rates too stable for too long and lost the Central Bankers ability to keep the credit cycle under control. They should create some volatility to wipe out the hedge funds
  3. More than happy to see rates go up.

    At last get to feel some benefit of my fixed rate mortgage! :wink:
  4. Ventress

    Ventress LE Moderator

  5. phew... I fixed my rate in December - Happy Days!!
  6. I didn't :x :x :x
  7. pah! knowin my luck by the time my fixed rate runs out itll hoiked up to 15%! negative equity here we come! :(
  8. We changed to a repayment last year and it has gone up nearly 80 quid since then. What a bunch of complete and utter w4nkers we have at the Bank of England. I kid you not I am seriously worried about losing my house and if that happens I swear I will fcuking kill someone.
  9. and the gutting thing is that if you have any savings at all the rates on THOSE dont go up as quick do they! they're quick to take the money but not so when it comes to givin it back.
  10. Thank fcuk for my 5 year fixed rate.
  11. If the Bank is right and has acted in time, interest rates won't stay at these levels for long - they will come down again within 12 months.

    If the Bank has got it wrong, rates will have to increase.

    I note the City, although wrongfooted onn the timing of this increase, believes there will be, at least, one more increase!

  12. If you think things are tough on 5.25%, you should look at the average rate over the past 20 years


    With rising fuel costs, council tax, etc that will lead to higher wage demands I doubt this will be the only rise this year to keep inflation under control.
  13. The real rate of inflation is far higher due to rises in council tax, the increases in house prices and the rises in charges for other services such as public transport. Private sector salaries rise to keep pace with these increases and fuel inflation. The public sector is stuffed because pay increases are linked to the lie that inflation is around 2% when in fact it is far higher, and public sector employees get stuffed from three directions - rise in interest rates, salaries that are shrinking in real terms and an increase in the cost of living.