Bank of England to keep rates on hold

Discussion in 'Property Market Economics' started by Tenex, 9th Feb, 2018.

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  1. Tenex

    Tenex Well-Known Member

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    BoE will keep the bank rate on hold at 0.5% - Westpac

    Other users, I wont name any I dont like embarrassing people, were predicting big interest rate rises through out last year and this year in Australia and oversea. Some were even thinking 6% + by now.

    I have said it before, will say it again. Low interest rates, in particular in Australia are here to stay for a very long time. If they go up, the market will melt right down.

    US market keeps crashing, Don Trump got too cocky with an economy that he had no positive effect on and I predict more bad news for US. They probably raised too early albeit they were at 0% so it was time for them to raise their interest rate.

    I would also add, we have very high interest rates here in Australia in particular across the IO investment loans where most interest rate charges are sitting at about 5% +
     
  2. Illusivedreams

    Illusivedreams Well-Known Member

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    I share your views.
    Although time will tell