BoE: Raising Rates Would Risk Recession

How pathetic. The BOE has dropped the interest rate to 0.5% - why are the banks allowed to charge above 7% to businesses??? So an increase in interest rate just means more profit for the banks as they are not paying any interest on credit balances.

So, basically, prices are going up at a slightly slower rate. Great, considering I have had no pay rise for over 5 years.

He is too busy bailing out his pals with QE cash - you know the ones ? Yes, the ones responsible for creating the disaster of an economy we now have and are now profiting from the mess they created.

Is this fool trying to blame the country lagging on an extra bank holiday, no wonder this countries finances are a joke.
Try lowering prices so people can spend and capping supermarkets as they are one of the biggest causes of price food inflation!

Where's this bloke been living last 5 years? under a bloody rock or something???

I'm sick of seeing the face of that lying sack of shyte...

Been in a recession four the last four years!!!

Hit the greedy supermarkets price of food is awful as a pensioner I feel it hard Families with children I dont know how they make ends meet. Putting VAT up to 20% hit us hard except the filthy rich Dave and his chums havnt a clue what damage they are doing to society.

send us into recession? i thought we were already in one.
whatever way you dress it up, we will be the losers. its not a recession for cameron and his monkey mates. instead of creating wars and fake revolutions in far away places, why not create some jobs?

But he warned that
potential disruptions to supply of oil,
for example
over Iran situation,
poses upside risk to inflation forecast.

SO REDIRECT OUR OWN OIL SITUATION RESOLVED

ITS LIKE SAYING AS WE DONT KNOW THE WEATHER FOR THIS YEAR SO WE ARE CHARGING YOU EXTRA NOW FOR YOUR MESSAGES AS WE MIGHT NOT HAVE ENOUGH

TELL ME WILL THAT RESOLVCE ANYTHING IF THE WORST COMES APART FROM YOU GREEDY BAS********S MAKING MORE MONEY.

things have to change vat must come down air duty must be abolished fuel prices must be affordable to everybody , i think the british people are just about fed up with keep being fleeced by the governments we elect everything i need to get done or buy i try and do it without the vat i am totally against this rip of tax time for this country to stand up and be counted

We would be okay if Politicians were not in charge of the Country. We just go from one crisis to another owing to their incompetence and lack of real knowledge of how people live and survive. They spend our money like water and in all honesty they haven't got a clue. I dont suppose we need worry too much though because it wont be long before India or China take us over.

What he is saying is he cannot afford to raise interest rates to protect the pound from the speculation caused by his bank and therefore be prepared for a further 20% reduction in the buying value of your wages...............

DOES NOT SEEM TO AFFECT BANKERS BONUSES STILL SOMEBODY HAS TO PAY FOR THE PEOPLE WHO STARTED IT ALL ???? SKINT???

Double edged sword king, as you cant encourage borrowing and debt forever,the banks would be knackered without savers who are are treat like s--t.

we are already in it, they just wont addmit it

Maybe it's just me, but this guy seems to have no F***king idea what he's doing.

How can the BOE· allow the rest of the banking system to borrow at such low rates.
The only winners in this are the banks as usual, borrow at half a percent and lend at 7 or 8, it certainly will not get anything moving.
The lending rate should be capped allowing for administration costs plus perhaps one percent profit people could then borrow at around 3 or 4 % and money would start flowing into the economy again.

I wished I had his crystal ball so I could loan money from the B.o.E. at 0.5 percent to the Banks, and then see where to put it to earn 6/7/8/9 percent interest from the people I loan it to. And if he is totally wrong, will the goverment stop His bonuses ?.

GOVERNMENT increases inflation every budget day, not the working man. why dont the boe urge cammeron and his croonies to stop billions in unpaid tax by the rich leaving our shores never to be seen again.