Interest rate cut

[turbobloke]

Carney: an interest rate cut is on the way.

https://www.theguardian.com/business/2016/jun/30/i...

[Jockman]

turbobloke said:

Carney: an interest rate cut is on the way.

https://www.theguardian.com/business/2016/jun/30/i...

Unbelievable.

You quoted the guardian

[AJL308]

Is this good or bad?

[Esseesse]

Wouldn't be surprised if there's one in the US in the next 6-12 months too. The Fed is bluffing with the talk of rate hikes IMO.

[Esseesse]

AJL308 said:

Is this good or bad?

It's an indication that they think the economy is weak.

[Jockman]

AJL308 said:

Is this good or bad?

Potentially good if you have debt, bad if you have savings.

Trying to stave off a recession?

[sidicks]

turbobloke said:

Carney: an interest rate cut is on the way.

https://www.theguardian.com/business/2016/jun/30/i...

Two cuts priced in for 2016 (hence the move in FX rates and the yield curve since last week).

[Puggit]

AJL308 said:

Is this good or bad?

It's the end of the World if turbobloke is quoting the Guardian!

[Jockman]

sidicks said:

turbobloke said:

Carney: an interest rate cut is on the way.

https://www.theguardian.com/business/2016/jun/30/i...

Two cuts priced in for 2016 (hence the move in FX rates and the yield curve since last week).

As you noted in the other thread.

2 x 0.25% ?

[Esseesse]

Jockman said:

AJL308 said:

Is this good or bad?

Potentially good if you have debt, bad if you have savings.

Trying to stave off a recession?

Yes, I think there's one in the pipeline regardless of Brexit.

[Jockman]

Esseesse said:

Jockman said:

AJL308 said:

Is this good or bad?

Potentially good if you have debt, bad if you have savings.

Trying to stave off a recession?

Yes, I think there's one in the pipeline regardless of Brexit.

Yup, even the EU is forecast to dip into recession. We won't technically know until next year?

[plasticpig]

Jockman said:

As you noted in the other thread.

2 x 0.25% ?

Could always follow Japan and go negative....

[Esseesse]

Jockman said:

Esseesse said:

Jockman said:

AJL308 said:

Is this good or bad?

Potentially good if you have debt, bad if you have savings.

Trying to stave off a recession?

Yes, I think there's one in the pipeline regardless of Brexit.

Yup, even the EU is forecast to dip into recession. We won't technically know until next year?

Perhaps, you only know you're in recession 2 quarters after the fact.

[lostkiwi]

Well that just made the FTSE100 jump up a bit!

http://www.tradingeconomics.com/united-kingdom/sto...

[Kermit power]

I'm going to have to dig out my mortgage agreement to have a look at whether it says anything about my tracker rate tracking into negative rates, or whether 0% is as low as it goes!

I remember people telling me I was nuts to go for base rate plus 1.2% when I could've got base rate plus 0.5%.

That was 9 years ago. I'm really rather glad I went for a life-of-mortgage tracker rate rather than a 2 year deal.

[bp1]

Lifetime at base rate + 0.39%

[Jockman]

bp1 said:

Lifetime at base rate + 0.39%

Git

[don'tbesilly]

AJL308 said:

Is this good or bad?

If it's the Guardian and related to 'leave' it's BAD, very, very BAD, as BAD as Osborne's emergency budget.

What happened to the emergency budget?

[Jockman]

don'tbesilly said:

AJL308 said:

Is this good or bad?

If it's the Guardian and related to 'leave' it's BAD, very, very BAD, as BAD as Osborne's emergency budget.

What happened to the emergency budget?

Delayed until Autumn / Conference Season ?

[Puggit]

lostkiwi said:

Well that just made the FTSE100 jump up a bit!

http://www.tradingeconomics.com/united-kingdom/sto...

GBP didn't like it though: