UK interest rates held but cut could be on the way
2024 ж. 8 Мам.
23 068 Рет қаралды
When will they fall? Interest rates were held at 5.25 percent today by the Bank of England. (Subscribe: bit.ly/C4_News_Subscribe)
It's the sixth month in a row with no change. But from the mood music on Threadneedle Street, a cut could finally be on its way: perhaps as soon as June. For that to happen inflation needs to keep falling.
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It's another gift to the banks as a final farewell from the Tories. Despicable.
Inflation=price gouging by big corporations
Corporations prefer low interest rates and low inflation . It means the cost of interest on their balance sheet debt is lower and means the lower interest payments can instead be used to pay down the debt or distribute to their wealthy shareholders as excess profits. So you are misinformed
Gambling is heavily regulated. When these guys gamble people lose their houses. It's completely unregulated. All I'm saying. No doubt it will vanish.
Not until Quantiative Easing has been delt with. Also, inequality needs to even out, capital accumulation has hit levels that harm the real economy and economic growth.
Yeah. Good luck with that ever happening....ever
That’s just the name they have given you to mask what it really is , a hidden tax
Highly doubt interest rates will be cut this year…..
They can't cut rates because it will reduce the strength of the pound which will make imports more expensive.
Would be good for or exporters though.
@@paulgibbons2320we import a lot more than we export, one problem of a service based economy
@@JP-zd2wl a service based ecconomy is no real ecconomy at all.
@@paulgibbons2320agreed
Worst idea whilst inflation is still high, we'll end up with another hike straight after.
Inflation is a lagging indicator, we're looking at inflation a year ago! It ended then, rate cuts should have started last summer at the latest. A crash is pretty much unavoidable now
8% interest rates next year I reckon. America will drag us down.
When was the last time the B.O.E. Forecast was correct usually miles out
when all our houses have been repossessed? strange how countries like spain stopped the banks ramping up mortgage rates. what did we expect an ex banker to do? he even cut the bank's tax rate from 5% to 2% just before all this happened.
Well done for actually challenging him with real pertinent questions.
Why is the Bank of England allowed to create money from nothing and then charge the government interest on the nothing, that people are forced to pay back through taxation? Why does the government not instruct the treasury to create the money interest-free?
Regular banks create the money when you borrow.
Firstly, they can’t the Bank of England is independent. Secondly that’s precisely what they don’t want. If they did that inflation would be too high, they’re raising rates specifically to avoid inflation. Lowering them would just make it worse
USA prints money like there’s no tomorrow…..
1. That’s not really how it works. 2. It pays the interest back to the government. 3. The government could instruct the Bank of England to give it a load of free money. Problem is that’s inflationary which the people who really run the country (wealthy people, those who loan money, those who made Liz Truss’s tenure extra disastrous) wouldn’t like it.
@@Jonpoo1 That is exactly how it works. The government does not get the interest the Bank does. If you owned your own Bank would you charge yourself interest on money you borrowed? The reason for this is because the Bank of England is a private Bank, and the Federal Reserve, another private Bank, was modelled on it. Usury violates Biblical Law, those who control the Bank of England control the UK government. They tell us this in our law books, they tell us this in their public documents and MP's have revealed this in their Parliamentary sessions. The Bank of England controls the UK government's fiscal policy, it tells the UK government what it can and what it cannot spend the borrowed fiat currency on. Money for war none for the poor: "The governor of the Bank of England...dictates the terms upon which alone the government can obtain borrowed money." Sir Drummond Fraser vice president of the Institute of Bankers England That is because he is the de facto Prime Minister of the United Kingdom. This explains why they have not stopped the illegals from pouring in, there are billions of pounds involved and it's getting bigger. This is why those of us with a spine refuse to fund them through taxation and it's a movement that is growing. I will not fund illegals and traitors.
Bailey is kinda hopeless.
So was the last one. King was great.
@@graemejones9707 Carney did quite well. King was miserable but at least kept interest rates flat after the crash.
Does anyone else get a really bad taste in their mouth watching two wealthy, smug people laughing and smirking about interest rates and the general financial state of the country? These two have no financial concerns whatsoever, it's just us plebs who are suffering while they laugh and joke.
He's laughing because 2 per cent means nothing, it's a macroeconomic fallacy that 2 per cent means anything. It's all about aiding capital accumulation.
All of this in election year. The tories staging this for some positive headlines in the far right press to try to swing the vote for them before the general electuon even though millions of UK households are still struggling desperately just to try to make as many ends meet thst they possibly can, but not all ends.
Are you advocatng a non interest base economy?
@@allykhan8594 How did you take that from my comment? I mean seriously?
@@Behaving_Golem so how should the rate of interest be determined, by inflation or by peoples ability to pay? I'm just curious of what you think the rate should be determine by which factors.
Horizon and the Post office scandal was a micro test bed for what is happening in this country as a whole...or 2/3
Does this guy sounds like he’s had to visit a food bank for meal? Yet his unelected decisions force many to go hungry!
After june so they can sink the conservetivs for good :)))))
Apparently the Bank of England is independent 😂😂😂 cutting interest rates when? Before an election
More incorrect news. Bailey actually said that a cut next time 'is far from a done deal'
Inflation is still too high to cut rates. They are going to cut interest rates and devalue the GBP = higher prices
As costs of energy come down, consumers have more spending power. But if business jacks up prices to recover lost profits, inflatuin will go back up. So interest rates will go back up.
Why is the sound so poor? Everyone sounds so muffled esp the governor...
You think this is bad 😂. What's on the horizon will blow your socks off
Interest rates ain't coming down until next year nothing he said suggested otherwise.
How did their predictions work out so far? Not very well I suppose. And interest rates are tax on the homebuyers really.
hate how interviewers keep picking at the same question until they get the exact answer they want "is it political?" "no" "but is it?" "no..." "but is it really?"
They wont.......fact
Amanda Abbington is a Saint. She is divorced from Martin Freeman and she is also not looking.
Typical with elections coming up 😂😂
Is this is new "enginers" from sea side?
Yeh, they are working unlike your confused gender 🇬🇧people #KingKhan #Rishi Guess who RUNS your country!
5% interest rates are normal
Not when house prices are 10x average salary
@@zaidahmed9527 Doesn't matter what house prices cost.
Saved all my money and this is what I get 😮Banks want you to be constantly asking for money not saving it it’s how the rich get richer.
who is Rishi Sunak
a thieving con-man
Bank of England just waiting for election 😂🤣👌👌👌👌
Andrew Tate should run the country
2% 😂😂😂 Inflation is still rampant.
It"s only the hesdline rate of inflation, not all inflation much of which is significantly higher than 2%. It's only the tories tax cuts (NationsI insurance cut) for the rich that is compensating them for the >10% inflation allowing them to go on a huge spending spree while the fsr less well off rest of the uk population not had any tax cuts are still doing it extremely tough right now and even though the headline inflation rste is now 2%, prices of items only rising at the headline rste of inflation are still significantly higher than they were before they started rising and in fact would have been right now had inflation stayed at 2%, and the values of price increases of items thst sre now increasing by "only" the headline 2% is higher now than values they would have been hsd inflation stayed at 2%. The vast majority of the Uk population are finding it impossible to successfully make all ends meet paying only for essentials. The rixh easily make all ends meet any wsy no mstter what and are now also spending a lot of money on non essentials the rest of us have no chance of doing for a long time to come yet. Wages and salaries % psy rise are still not enough for most to cover all of the price hikes of essentials.
@@dvidclapperton Tax cuts for the rich? The cuts are for people on payroll who earn between £9,100 and £50,270.
@@graemejones9707 Regardless, don't vote the toriss back in because the tories would raise the taxes after the general election if they returnsd to office
@@graemejones9707 It's only thr typical tory pre-election bribe that people need to stop keeping on falling for.
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Interest rates cannot come down. Money printing has been the problem. Stop the cheap money. Live within your means’s.