Just got an e mail from a mate in the UK

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
05/09/2009 15:28

Just got an e mail from a mate who works in the city....



Apparently the word on the street is that the Turkish base rate is expected to be 6% by the end of the year....



Those of you who came here lured by the 20% savings rates may well be advised to stock up on soil, as it's possibly the only thing you'll be able to afford to eat, if the interest rates keep plumeting.....



Ah well, at least i've got Garry Monger's missus to keep me focussed.....

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
05/09/2009 15:43

there was an article a couple of weeks ago regarding the central bank.



Turker Hamzaoglu, a London-based economist for Bank of America Corp.- Merrill Lynch & Co, who forecasts a total of about 9.5 percentage points in reductions before the bank stops cutting. “There’s a window of opportunity for a structural break from moderate inflation to a lower level at around 6 percent.”

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
05/09/2009 15:45

Gosh Nick there will be a lot more Negative people here now. You will have to form a club xxx

No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
05/09/2009 15:48

Call it the Society of Negative Thinkers. You could have a shop selling negative stuff - call it "Negatives R Us"

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
06/09/2009 21:29

No1 - that's a no 1 post ! - well done...

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
06/09/2009 21:35

I think its called a world recession,

Paul.

Pipie


Joined: 05/01/2008
Posts: 5499

Message Posted:
06/09/2009 22:57

Good times never last forever !!

Mountain Edge



Joined: 23/02/2007
Posts: 199

Message Posted:
07/09/2009 13:12

Still beats what is on offer in the UK

parky


Joined: 13/06/2009
Posts: 182

Message Posted:
07/09/2009 13:41

Interest rates have always been subject to fluctuation, surely no one expected them to stay at that level long term, one of the reasons it was so high was due to the high level of inflation, as the currency stabilizes the rate has to go down.

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
07/09/2009 18:46

Interest rates will possibly go down further until the powers that be are as sure as they can be that the recession is under control, after that i would expect rates to start rising again, at the moment they are being kept artificially low.