Interest Rates Predicted To Rise Very Soon

cattleman123

Member
Location
devon
Interest rates are to rise they say to control inflation, but a load of rubbish how can a rate rise control price rises which are not in our control...ie Fuel, Food,Energy and even Boris wants wages to rise well nearly everything really...i just do not get it, all i see it doing is making folk harder up than they are now and slowing down the economy that the Gov wants to recover...what a mess
 

DaveGrohl

Member
Location
Cumbria
Interest rates are to rise they say to control inflation, but a load of rubbish how can a rate rise control price rises which are not in our control...ie Fuel, Food,Energy and even Boris wants wages to rise well nearly everything really...i just do not get it, all i see it doing is making folk harder up than they are now and slowing down the economy that the Gov wants to recover...what a mess
This is a constant discussion. Rates do need to rise. When and by how much? Your own personal choice depending on your angle. They can't be raised by anything like they should be as everything would just collapse in a heap. We're stuck in this bizarre experiment where endless money printing and uber low interest rates are creating huge imbalances in everything all around the world. Politicians (and central bankers) just have no appetite for dealing with the consequences of their actions. Kick the can down the road is seemingly modern official policy.

That's not to say they may raise rates by 0.25% at some point (possibly soonish) and hail their own bravery. These are the people who see no inflation though so don't officially need to act......
 

BrianV

Member
Livestock Farmer
Interest rates are to rise they say to control inflation, but a load of rubbish how can a rate rise control price rises which are not in our control...ie Fuel, Food,Energy and even Boris wants wages to rise well nearly everything really...i just do not get it, all i see it doing is making folk harder up than they are now and slowing down the economy that the Gov wants to recover...what a mess!
Seems to me Bozo is being advised on monetary policy amongst other things by his free spending wife, if you can't afford to get your front room redecorated & have to scrounge off mates to pay for it then it's obviously time that everyone had a huge pay rise!
 

cows sh#t me to tears

Member
Livestock Farmer
US Congress passed a bill to borrow another 39 trillion as they were close to there ceiling of 657 trillion (roughly). This avoiding government shutdowns. Hyperinflation gone mad... Zimbabwe, Columbia, Sri Lanka anyone? No lessons learnt here.

Roundup is over $10 000 a shuttle. Up from $4k. Fert doubled. Urea now at $1000/tonne. Diesel predicted to be over $2/ltr by xmas Its madness
 

hoff135

Member
Location
scotland
Having money in a bank just now is just a total joke. Probably losing 10%+ on it every year. Imagine there's a lot of older people with a bit of money in the bank considering buying a house to let just to have something other than a few worthless numbers on a screen, that's what I would do. I think it's going to get a lot worse
 

Hampton

Member
Location
Shropshire
They print it, then lend it to themselves.

Genius idea hey! Why haven’t we all thought to do the same…?!
Germany did the same between the wars. Inflation spiralled, photos of people with shopping trolleys of marks to buy a loaf of bread.
Exactly 100 years ago!
I’m sure back then you had the 1920s equivalents of @Clive @crazy_bull and @An Gof telling us we need to buy fert and hold corn as the high times will never end.
Money has never been so cheap etc etc
 

Yale

Member
Livestock Farmer
Germany did the same between the wars. Inflation spiralled, photos of people with shopping trolleys of marks to buy a loaf of bread.
Exactly 100 years ago!
I’m sure back then you had the 1920s equivalents of @Clive @crazy_bull and @An Gof telling us we need to buy fert and hold corn as the high times will never end.
Money has never been so cheap etc etc
But we won’t need shopping trolleys,just tap your phone instead of wheeling a barrow.

Far more convenient. (y)
 

Sandpit Farm

Member
NFFN Member
Location
Derbyshire
Having money in a bank just now is just a total joke. Probably losing 10%+ on it every year. Imagine there's a lot of older people with a bit of money in the bank considering buying a house to let just to have something other than a few worthless numbers on a screen, that's what I would do. I think it's going to get a lot worse
Having just bought a house that was a slight stretch, I am happy with the situation as it is. I guess it depends on your balance of assets/investments. Savings are pointless and have been for a while and the gamble for you would be if you invested in a property for the interest rates to then go up. I wonder if you would be better to buy a holiday let as it will actively accrue value at a higher rate and mitigate any potential reduction in value from interest rate rises... it's work and risk though! It will not be straight forward for people to go abroad for at least 12 months (testing adds cost and other continents are not as safe) so perhaps worth investing in the tourist side here.
 

Bramble

Member
Interest rates won’t go up much, the bank can’t afford to upset the housing market.

Traditional thinking of using interest rates to control inflation is old hat now. Raising rates isn’t going to cheapen/dampen demand for energy/fuel etc. The only cure for high prices is high prices until demand drops off.

Inflation will be 8% plus by next spring, interest rates less than 1.5%

What a complete f****ing mess. Not all Bojo’s fault but he’s not helping. U.K. about to suffer the consequences of decades of underinvestment in infrastructure in various areas.

I‘d still rather be in agriculture than in some other industries though
 

Sid

Member
Livestock Farmer
Location
South Molton
Interest rates are to rise they say to control inflation, but a load of rubbish how can a rate rise control price rises which are not in our control...ie Fuel, Food,Energy and even Boris wants wages to rise well nearly everything really...i just do not get it, all i see it doing is making folk harder up than they are now and slowing down the economy that the Gov wants to recover...what a mess
I often ask my bank manager for the long term fixed rate to make me feel good about fixing 5 years ago.

Only moved up 1% upwards

But that's still a 33% rise!
 
Interest rates are to rise they say to control inflation, but a load of rubbish how can a rate rise control price rises which are not in our control...ie Fuel, Food,Energy and even Boris wants wages to rise well nearly everything really...i just do not get it, all i see it doing is making folk harder up than they are now and slowing down the economy that the Gov wants to recover...what a mess
Interest rates peaked at I think 18% when o was young, far too young to wonder why such things happened.
How and why did they get to those levels back then? Presumably things were out of control? Things don’t seem to be under much control now, could we see such times again? Sure they would be devastating for many, probably were last time around too although I’d have been far too young to understand
 

D14

Member
Interest rates are to rise they say to control inflation, but a load of rubbish how can a rate rise control price rises which are not in our control...ie Fuel, Food,Energy and even Boris wants wages to rise well nearly everything really...i just do not get it, all i see it doing is making folk harder up than they are now and slowing down the economy that the Gov wants to recover...what a mess

Never say never but I doubt it because it will ruin the housing market. Banks are in too deep.
 

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Written by Charlotte Cunningham from CPM Magazine

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