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Bank of England's on hold. No surprise there...
Now 0.25% or 0.5% cut in Eurozone?
Now 0.25% or 0.5% cut in Eurozone?
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They should do it the Japanese way and just put them on -0.something -
0.001 I think.. Negative wouldn't work Eccy, people would withdraw.www.my-piano.blogspotComment
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negative does work, it actually encourages people to take loans, don't you think?
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The debt will appreciate; no point.
Come on ECB, 10 minutes late!www.my-piano.blogspotComment
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they've done it in japan before.... the reason it didn't work is because they're just themselves, no else.Comment
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Interesting anecdote I heard about Japs is that when interest rates half, they save twice as much since they want the return from their savings to be constant.
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Down 0.5% to 2%. Too much German influence.
If we were in single currency now, we'd spiral into a boom...www.my-piano.blogspotComment
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Get a grip on your housing bubbles, and it's no problem.“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)Comment
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That would mean altering planning regulations; wouldn't make the greens and environmentalists happy would it.
Let's do it.
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That's one part of the problem. The other is the extreme interest rate sensitivity of your housing market. I never really understood this.“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)Comment
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Your mortgage is your major outlay every month, I'm certainly very 'sensitive' to it altering!Originally posted by HershOstropoler
That's one part of the problem. The other is the extreme interest rate sensitivity of your housing market. I never really understood this.
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Variable rate mortgages are common in UK. Explains part of it. High home ownership - 65%ish in UK, 40% in Germany.
Very restrictive planning regulations, in addition to us being a small country, means a small increase in demand can increase prices wildly.
Good article in this week's Economist actually. Don't agree with all what they say, but they explain Britain's housing bubbles quite well.www.my-piano.blogspotComment
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@ Japanese reaction to interest changes
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Well otherwise they'd be squinting twice as bad at their lower savings balances.Originally posted by Ecthelion
@ Japanese reaction to interest changes
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