UK Karting - Notice Board (General Karting) : Financial Optimism

Notice Board (General Karting)

Financial Optimism
Posted by 'MattCortes' on 06 Jul 2011 @ 09:04

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MattCortesJoined: November 2010
Total Posts: 3
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Its to do with the fact that the BoE rate has nothing to do with the rate at which banks lend to each other. The BoE is purely a way for the government to control inflation and the economy. Before anyone says yes I know its meant to be impartial, but Merv still has to answer to the PM and control the economy within set parameters. LIBOR, (London Inter Bank Offered Rate) if I remember my studies correctly, is the the rate at which the banks lend to each other. This has nothing to do with any control and is merely the money markets working within the usual supply and demand notion.

Now the reason for the optimism is the fact that they do not want to push peoples mortgage payments higher when they already have to worry about the high energy costs and the risk of redundancy. It also means that for those whose mortgages are lower than they usually are then they have more disposable income to spend meaning a boost to the economy to try and get it back on track. This obviously only applies to those of us lucky to have tracker mortgages.

This reason alone is why rates wil not increase signigicantly in the short to medium term and why if Paul gives up karting he is actually being very selfish and harming the economy lol.

Message Thread:

How do you know? by 'PaulGarnerTKM' (04 Jul 2011 @ 15:54)

Re: How do you know? by 'DavyBoy' (04 Jul 2011 @ 16:01)

Re: How do you know? by 'PaulGarnerTKM' (04 Jul 2011 @ 16:34)

Re: How do you know? by 'Aquila' (04 Jul 2011 @ 17:18)

Re: How do you know? by 'Ballhatchet' (04 Jul 2011 @ 18:31)

Re: How do you know? by 'jc82' (04 Jul 2011 @ 19:47)

Re: How do you know? by 'DavyBoy' (04 Jul 2011 @ 18:34)

Re: How do you know? by 'wavedyellow' (04 Jul 2011 @ 18:50)

Re: How do you know? by 'goforgold' (04 Jul 2011 @ 19:16)

Too Old at 24???? by 'SteveBarlow' (04 Jul 2011 @ 20:01)

Re: How do you know? by 'PaulMRotax' (04 Jul 2011 @ 20:11)

Re: How do you know? by 'willyblackshaw' (04 Jul 2011 @ 21:25)

Re: How do you know? by 'JKHDude' (04 Jul 2011 @ 21:51)

Re: How do you know? by 'muppet22' (04 Jul 2011 @ 22:02)

Re: How do you know? by 'Farrang' (04 Jul 2011 @ 23:38)

Re: How do you know? by 'MattCortes' (05 Jul 2011 @ 8:33)

Re: How do you know? by 'PaulMRotax' (05 Jul 2011 @ 12:04)

Re: How do you know? by 'MattCortes' (05 Jul 2011 @ 12:25)

Re: How do you know? by 'PaulMRotax' (05 Jul 2011 @ 13:07)

Financial Optimism by 'MattCortes' << You are here!

Re: Financial Optimism by 'PaulMRotax' (06 Jul 2011 @ 12:35)

Re: How do you know? by 'brierleys' (06 Jul 2011 @ 12:11)

Re: How do you know? by 'btomj' (06 Jul 2011 @ 17:33)

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