Bank of England makes shocking decision on interest rates!!!

[AtW]

They are left at 0.5%!

BBC News - UK interest rates remain on hold at 0.5%

[shaunbhoy]

Shame. I was hoping they would drop them to 0.25% to assist the beleaguered homeowners and the fledgling recovery.



Ah well, maybe next month.

[DimPrawn]

As SB says, it's so blatant it's all really to prop up in debted property owners and maintain property values (in sterling at least), that it makes buying property a very sensible thing to do.

If property prices rise, you make money.

If property prices fall marginally, we get more QE and sustained low interest rates, propping up their value.

You really can't lose this time.

[Jog On]

As SB says, it's so blatant it's all really to prop up in debted property owners and maintain property values (in sterling at least), that it makes buying property a very sensible thing to do.

If property prices rise, you make money.

If property prices fall marginally, we get more QE and sustained low interest rates, propping up their value.

You really can't lose this time.

Pure gold that is

[DimPrawn]

Pure gold that is

I'd buy that.

[Paddy]

As SB says, it's so blatant it's all really to prop up in debted property owners and maintain property values (in sterling at least), that it makes buying property a very sensible thing to do.

If property prices rise, you make money.

If property prices fall marginally, we get more QE and sustained low interest rates, propping up their value.

You really can't lose this time.

The problem is that the low interest rates (almost) only apply to interbant investments. Much of the cheap borrowed money is then invested in property and shares abroad.