Bank of England leaves rates unchanged; fears of house prices rising too fast

Saturday, June 7th 2014 - 05:23 UTC

Full article 5 comments

The Bank of England kept its benchmark interest rate steady on Thursday to support the UK economy's ongoing recovery, as figures showed house prices rose at the most rapid pace in almost 12 years during May. Read full article

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ChrisR
As I thought, this overpriced ex-banker hasn't got a clue what to do.
Jun 07th, 2014 - 12:35 pm - Link - Report abuse 0
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tRoll_with_the_Punches
Oh what to do what to do... stay pat and you create yet a new, BIGGER, bubble. Raise rates significantly and you choke poor'ol UK out because there is no real genuine production to support the economy.

That's why EU/USA are Farked. The only reason they are “recovering” (NO NATION HAS ACTUALLY GROWN, most are still climbing out of the GDP whole from six looooong years ago), is because rates are 0%.

But eventually the next crisis will hit and then what to do, when you have burned all your monetary bullets??

Eternal Japan style stagnation.

Plus older population.

Bleak, bleak, bleak.
Jun 07th, 2014 - 10:52 pm - Link - Report abuse 0
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Anglotino
*sigh

Why does he post stuff that is so easy to refute?

I mean, everything is so easily disproved that it isn't even worth it.
Jun 08th, 2014 - 01:31 am - Link - Report abuse 0
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Leiard
@3

He is just a troll !
Jun 08th, 2014 - 10:03 am - Link - Report abuse 0
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Clyde15
#2
We will just have to invade Argentina, take it over and make a successful country of it. A tall order on the last point.
Jun 08th, 2014 - 11:13 am - Link - Report abuse 0
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