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  • BOE Interest rate hike could hurt 'fragile' economy, forecaster warns

    From news.sky.com

    The Bank of England should hold back on raising interest rates until the UK's economic prospects look brighter, according to an influential forecasting body. The EY ITEM Club argued that with growth set to remain stuck in low gear for the rest of this year and into 2018, policymakers should avoid a hike that risks weakening the "fragile" outlook. It also said the economy's performance further ahead depended critically on the UK reaching a transition deal with the EU. The report comes amid growing expectations that the Bank of England could raise rates next month after a cut to 0.25% last summer following the Brexit ... (full story)

  •  Guest
  • | IP XX.XXX.23.221
The refinancing rate is strictly dependent on inflation, it is not a subjective value)))
A 0.25% increase will mainly hit the Government and classes with very high borrowing not the peoples with low borrowing.
Hence it will not happen, although it should, for foreign investment.
  • Post #3
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  • Edited at 5:15pm Oct 16, 2017 4:53pm | Edited at 5:15pm
Am pulling with those in Britain who want against the agenda to see power return in the way of a healthy not 'fragile' economy but that is not to be it would seem because weak is essential to keep from being powerful enough to Brexit. The UK Column tells that side of the story consistently providing wryly stated facts; I follow them with interest: here is the October 13 video from their yt channel that covers the deliberate weakening of Britain and much other stuff (www.ukcolumn.org) - edited to add the word 'demoralization' which is the UK C's word and works better than 'weakening' :

Inserted Video
Quoting Greenstar
Am pulling with those in Britain who want against the agenda to see power return in the way of a healthy not 'fragile' economy but that is not to be it would seem because weak is essential to keep from being powerful enough to Brexit. The UK Column tells that side of the story consistently providing wryly stated facts; I follow them with interest: here is the October 13 video from their yt channel that covers the deliberate weakening of Britain and much other stuff (www.ukcolumn.org) - edited to add the word 'demoralization' which is...
Think again!
  •  Guest
  • | IP X.XXX.4.127
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