Homeowners with trackers to escape rate hikes until 2012

[Esselte]

Homeowners with trackers to escape rate hikes until 2012

HOMEOWNERS on tracker mortgages will not be hit with any new interest-rate hikes for the foreseeable future.

The European Central Bank (ECB) yesterday kept interest rates at a record low, with no indication that rates were to rise any time soon.

independent.ie/business/pers … 46661.html

[johnnyskeleton]

Bit misleading reporting from the indo there. ECB haven’t said anything, which Comical Austin thinks means no increases until 2012.

Then again, I’ve been quite bad at predicting the ECB, thinking every month for the last 19 months now that they would do the sensible thing and increase rates.

[needle]

Bit misleading reporting from the indo there. ECB haven’t said anything, which Comical Austin thinks means no increases until 2012.

Then again, I’ve been quite bad at predicting the ECB, thinking every month for the last 19 months now that they would do the sensible thing and increase rates.

Well, if you abdicate your responsibilities you can expect something to fill the gap.

And so we see the bond market are doing it for them.

[yoganmahew]

Bit misleading reporting from the indo there. ECB haven’t said anything, which Comical Austin thinks means no increases until 2012.

Then again, I’ve been quite bad at predicting the ECB, thinking every month for the last 19 months now that they would do the sensible thing and increase rates.

Well, if you abdicate your responsibilities you can expect something to fill the gap.

And so we see the bond market are doing it for them.

Yeah, I hate to tell Mr. Hughes, but interest rates have already gone up…

[Ireland_is_different]

@johnnyskeleton

Bit misleading reporting from the indo there. ECB haven’t said anything, which Comical Austin thinks means no increases until 2012.

Then again, I’ve been quite bad at predicting the ECB, thinking every month for the last 19 months now that they would do the sensible thing and increase rates.

Yeah, can’t think of any possible interest rates might rise, its not as if Europe’s largest economy is booming
bloomberg.com/news/2010-12-03/bundesbank-predicts-fastest-german-growth-since-reunification.html

The Bundesbank raised its forecast for German economic growth this year, projecting the** fastest expansion** since data for a reunified country began in 1992.
Gross domestic product will expand 3.6 percent in 2010, 2 percent in 2011 and 1.5 percent in 2012, the Frankfurt-based central bank said in its bi-annual economic outlook today.
“Private consumption is benefiting from growing employment and higher wages,” the Bundesbank said. “Investment in machinery and equipment as well as in construction is also being given a boost by low interest rates.”

1992…that brings back memorites of events in Finland (8 September 1992); Italy (13 September 1992); UK (16 September 1992); Sweden (19 November 1992); Spain (22 November 1992); Norway (10 December 1992); Ireland (30 January 1993); Spain again (13 May 1993); Portugal (13 May 1993)…
remind me again, what country in Europe was booming in the two years prior to that also…
and what happened when interest rates had to be increased…

Austin is definitely going out on a limb here

[Dubhgeannain]

Bit misleading reporting from the indo there. ECB haven’t said anything, which Comical Austin thinks means no increases until 2012.

Then again, I’ve been quite bad at predicting the ECB, thinking every month for the last 19 months now that they would do the sensible thing and increase rates.

Yeah, can’t think of any possible interest rates might rise, its not as if Europe’s largest economy is booming

Nail on the head.

Of course the ECB will keep rates low until every economy in the Euro is back to at least 2.5% GDP growth cos we’re all equals

[Ireland_is_different]

Nail on the head.

Of course the ECB will keep rates low until every economy in the Euro is back to at least 2.5% GDP growth cos we’re all equals

worse still, the postive news is now coming out on a daily basis

bloomberg.com/news/2010-12-07/domestic-demand-spurs-rise-in-german-factory-orders-as-recovery-broadens.html

German factory orders rose in October as domestic demand picked up, another sign the country’s economic recovery is broadening.
“The sector is not only benefitting from robust foreign demand, but also from accelerating domestic demand.”
At 7.5 percent, the country’s unemployment rate is the lowest in 18 years.

“With German employment at its highest level since reunification and wages set to increase, all the conditions have been met for private consumption to grow,” said Frederik Ducrozet, an economist at Credit Agricole bank in Paris.