mogish
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Post by mogish on Mar 23, 2023 14:17:10 GMT
Bad for business, bad for consumers, good for isa time, good/bad for inflation control? Will rates reverse in future?is a global recession coming?
Does anyone know what's going on?
Until wage rises are controlled and public continues to spend this ain't going to go away.
So far markets seem to have expected this and drops(thankfully) are minimal.
Let's hope inflation gets under control soon as I dont know how most folks cope with grocery Bill's costing over£120 per week just now, council tax rises and energy Bill's.
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Post by Deleted on Mar 23, 2023 15:00:29 GMT
This is interest rates not inflation.
What I would suggest is grab hold of any fixed interest rates you can get as hopefully this situation will not be around for long
On a similar note don't buy any fixed mortgages right now
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mogish
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Post by mogish on Mar 23, 2023 15:29:04 GMT
Correct me if I'm wrong wrong but are interest rates not increasing to curb inflation?
Indeed hopefully isa rates will peak for this years isa conts.
Intend to go for prob 3 year fix. Doubt sticks will achieve much more this year and I'm getting more drawn to guarantees and 85k protection.
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mogish
Member of DD Central
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Post by mogish on Mar 23, 2023 15:30:28 GMT
Stocks!! Sticks may also be worth investing in.
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keitha
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2024, hopefully the year I get out of P2P
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Post by keitha on Mar 23, 2023 15:38:43 GMT
Stocks!! Sticks may also be worth investing in. You invest in Sticks, I'll join the big boys and invest in logs
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mogish
Member of DD Central
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Post by mogish on Mar 23, 2023 16:22:20 GMT
Stocks!! Sticks may also be worth investing in. You invest in Sticks, I'll join the big boys and invest in logs With the price of them recently it wouldn't be a bad decision!!
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Mar 23, 2023 16:32:01 GMT
You invest in Sticks, I'll join the big boys and invest in logs With the price of them recently it wouldn't be a bad decision!! I'm selling sticks and logs; I always tend to go against the grain 
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markyg61
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Post by markyg61 on Mar 23, 2023 16:45:53 GMT
With the price of them recently it wouldn't be a bad decision!! I'm selling sticks and logs; I always tend to go against the grain
Yes I may have to "branch" out to other opportunities as well 
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Mar 23, 2023 16:56:42 GMT
Took me a while to twig what you were getting at. You could always just try turning over a new leaf.
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benaj
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Post by benaj on Mar 23, 2023 17:11:23 GMT
Yes, Monzo raises their rates today, still 1.05% behind BOE rate
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Post by Badly Drawn Stickman on Mar 23, 2023 18:08:41 GMT
Took me a while to twig what you were getting at. You could always just try turning over a new leaf. I have to tell you I wood be sycamore....
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Post by Deleted on Mar 23, 2023 18:21:43 GMT
You lot are barking up the wrong tree as usual
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angrysaveruk
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Back and to the left..
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Post by angrysaveruk on Mar 23, 2023 21:34:32 GMT
If Stuart Law was in charge of the Bank of England they would not need to put up interest rates to reduce inflation he would just stop people withdrawing money from their bank accounts until it got the target level.
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Post by df on Mar 23, 2023 21:48:07 GMT
If Stuart Law was in charge of the Bank of England they would not need to put up interest rates to reduce inflation he would just stop people withdrawing money from their bank accounts until it got the target level. ...and introduce a fee on existing deposits 
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