BoE's Carney says base rate rise is 'moving closer'

[Martin@AS Financial]

Mark Carney has said that a UK interest rate hike is nearing, when speaking to the new Treasury Select Committee.

The governor of the Bank of England told the committee that “the point at which interest rates may begin to rise is moving closer, given the performance of the economy”.


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BoE's Carney says base rate rise is 'moving closer' | News | Mortgage Strategy

[DimPrawn]

Yeah yeah, course it is. The end of the universe is also "moving closer".

I suppose it sells more fixed rate mortgages eh?

[BrilloPad]

First there will be a rate rise in the states. Which will promptly crash. And rates will then have to fall.

What has Carney done since becoming Governor?

[PurpleGorilla]

Stick it up to 0.3%

The impact would be f all but the move would be significant.

[Zero Liability]

First there will be a rate rise in the states. Which will promptly crash. And rates will then have to fall.

What has Carney done since becoming Governor?

Kept the good times going. Provided you went into the property market.

[Martin@AS Financial]

Yeah yeah, course it is. The end of the universe is also "moving closer".

I suppose it sells more fixed rate mortgages eh?

hehe - yes thank you as always DP

To be fair, the majority of standard tracker mortgages have been redundant for a long time as their is so little difference in pricing between fixed rates and tracker rates

[sirja]

Yea, Yea just like it was coming closer in 2013 and 2015.

[AtW]

All yer base belongs to Carney...

[OwlHoot]

Yeah yeah, course it is. The end of the universe is also "moving closer".

The Big Rip will occur in about 38 billion years according to an estimate I saw in an ArXiv paper a week or two ago.

... About 60 million years before the end, gravity would be too weak to hold the Milky Way and other individual galaxies together. Approximately three months before the end, the Solar System (or systems similar to our own at this time, as the fate of the Solar System 22 billion years in the future is questionable) would be gravitationally unbound. In the last minutes, stars and planets would be torn apart, and an instant before the end, atoms would be destroyed.

[BrilloPad]

The Big Rip will occur in about 38 billion years according to an estimate I saw in an ArXiv paper a week or two ago.

Estimate for rate rise is 39b years?