Bank of England considers negative rates

@wolfgang59 said
Higher interest rates is esssentailly valuing "money" (whatever that is) over "things"
(goods and services). That would decrease demand and lead to recession. Ratboy?

Higher interest rates do not lead to recession (at least not on their own). What an odd statement. Ratboy is my pet name for Great King Rat whom I was replying to.

I was just expressing concern for your wellbeing in another thread.

@divegeester said
I’m all for higher interest rates, make it happen ratboy.

But you lot don’t listen to me, do you??

@wolfgang59 said
Higher interest rates is esssentailly valuing "money" (whatever that is) over "things"
(goods and services). That would decrease demand and lead to recession. Ratboy?

That would be me.

@kevcvs57 said
There’s a massive psychological / political difference between losing your house or not being able to borrow money at a low rate due to raised interest rates and having to move your spare cash into investment rather than savings.
Interest rates as mentioned have hovering around zero for a while now so if your intent on letting your money sit around for little or no return y ...[text shortened]... gest borrower in the UK is HM Government and they are going to need all the cheap money they can get

In The Netherlands borrowing money for example for buying a house is indeed dirt cheap. Great!!

Except housing prices are now so ridiculously high that it’s become next to impossible for a single starter - certainly one with medium income - to buy a house, regardless of the low interest rates.

Which is great news for investors and people who already own property.

In other words, for the people who already have money.

@great-king-rat said
In The Netherlands borrowing money for example for buying a house is indeed dirt cheap. Great!!

Except housing prices are now so ridiculously high that it’s become next to impossible for a single starter - certainly one with medium income - to buy a house, regardless of the low interest rates.

Which is great news for investors and people who already own property.

In other words, for the people who already have money.

Well don’t worry because the deposit that mortgage lenders are demanding in the UK the poor were never getting mortgages here anyway.
Unless you’ve got middle class parents your gonna be in private rented accommodation but the cheap interest rates should trickle down a lot more fairly than property ownership.
Their better driving down interest rates and distributing the cheaper money through public spending on those who can only dream about the day when they can apply for a mortgage or get a credit rating.