Well according to you, we're all fucked then. not much in it.
Higher than in Euro countries or in Britain.
European Central Bank = 0.00%
Bank of England = 0.25%
Federal Reserve = 0.75%
That is what I meant. When the fixed term runs out. Depending on what borrowing is required. One reason for holding interest down where you can, is to relieve government borrowing. Towns and cities in Germany are paying back debt with new debt at virtually no interest. Companies and banks with cash are parking it with towns rather than paying negative interest with the central bank. A great bonus for cities that had high debts at high rates of interest.
Muni's are also usually fixed interest. Floating rate bonds are usually issued by corporates.
A slight correction, the european central bank's refinancing rate is 0.00% but the rate for deposits is -0.4%.Well according to you, we're all fucked then. not much in it.
Oh Theresa, the sheer hypocrisy of those words.
Made me laugh when she claimed the Scots had tunnel vision over independence. I'm sure all Brexiteers will fully support those Scots going for independence in their quest to take back control.
Made me laugh when she claimed the Scots had tunnel vision over independence. I'm sure all Brexiteers will fully support those Scots going for independence in their quest to take back control.
Made me laugh when she claimed the Scots had tunnel vision over independence. I'm sure all Brexiteers will fully support those Scots going for independence in their quest to take back control.
A slight correction, the european central bank's refinancing rate is 0.00% but the rate for deposits is -0.4%.
At least one German retail bank is also charging customers 0.4% on deposits.
my mortgage is 2% fixed for 10 years. How does that compare with the UK?
my mortgage is 2% fixed for 10 years. How does that compare with the UK?
I'm surprised that you are making this point, as it emphasises the relatively poor expectations of the Eurozone economy over the next 10 years compared to the UK. Fixed rate loan rates are calculated from the swaps market, which 'averages' expected rates over the next 10 years. Rates rise when an economy is doing well and fall when it is doing badly.
I'm surprised that you are making this point, as it emphasises the relatively poor expectations of the Eurozone economy over the next 10 years compared to the UK. Fixed rate loan rates are calculated from the swaps market, which 'averages' expected rates over the next 10 years. Rates rise when an economy is doing well and fall when it is doing badly.
This is my earlier point. When an economy is growing well it needs higher interest rates to avoid a bubble. If Germany had its own currency they wouldn't be low. But Greece needs low interest rates.Germany's economy is doing great, but interest rates are low. Yes, the Eurozone is picking up and interest rates are expected to rise. I expect the bank has hedged itself by having cheap money for the period.
This is my earlier point. When an economy is growing well it needs higher interest rates to avoid a bubble. If Germany had its own currency they wouldn't be low. But Greece needs low interest rates.
Can you explain more? Intuitively low interest rates would cause a bubble and increasing demand would make it worse.We are on our way to a housing bubble. The refugees have posponed that by needing housing.
Germany's economy is doing great, but interest rates are low.
There are many reasons for that. Germans are a nation of savers rather than borrowers, they prefer to rent their homes rather than buy and pay cash for goods rather than rely on credit. I'm sure they would rather have higher interest on their savings than lower interest on mortgages and credit.
Made me laugh when she claimed the Scots had tunnel vision over independence. I'm sure all Brexiteers will fully support those Scots going for independence in their quest to take back control.
Made me laugh when she claimed the Scots had tunnel vision over independence. I'm sure all Brexiteers will fully support those Scots going for independence in their quest to take back control.
Heard quite an interesting debate on radio 2 today. Jeremy Vine I think it was, saying that either way Scotland are leaving the EU due to the timing of everything with Brexit and Scottish referendum.
Just a quick question, why didn't Sturgeon resign/get the boot after losing the first Scottish referendum?
I think it was Alex Salmond who was leader and resigned.
PUSB
Be interesting to she what she does if the results the same this time.
A question for you.
If some regions of Scotland vote to stay in the uk but the total vote goes 51% in favour of leaving - should those areas be allowed to remain in the UK?
The Highlands and Islands for example?
Should people younger than 23 stay in the eu and only people older leave? Has anyone any stats on the average height of those who voted each way in the referendum? Perhaps tall people leave and shorties remain?A question for you.
If some regions of Scotland vote to stay in the uk but the total vote goes 51% in favour of leaving - should those areas be allowed to remain in the UK?
The Highlands and Islands for example?
Can you explain more? Intuitively low interest rates would cause a bubble and increasing demand would make it worse.
What about all the leave voters in Scotland as there were 38% of people wanted to leave the eu which is over a million votes? Do we not listen to them?
Interestingly only 1.6m voted for remain in Scotland so a difference of just 600k. Over double that won for leave in the whole referendum it's worth noting. So maybe the gap isn't as big in Scotland as they would like you to think.
tbf, I assumed he was joking...We should listen to the 38% leavers, but you don't want to listen to the 48% remainers in the UK. They have to move on because it is democracy.
Good here isn't it?
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