• PENSIONSANDSAVINGS.COM

    From Ros Altmann:economist and pensions,
    investment and retirement policy expert

  • pensionsandsavings.com

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    Tag: forward guidance

    Rates are too low as economy booming – Forward Guidance looking backwards

    Rates are too low as economy booming – Forward Guidance looking backwards

    14 November 2013 Bank of England repeating past mistakes – rates should start rising as UK growth set to surge Mortgage borrowers enticed into large loans at low rates as loan to income ratio returns to pre-crisis peak Keeping rates at 0.5% is about politics, not economics Take the squeeze off pensions and savers – and encourage companies to spend their £200bn cash pile UK economy is booming – but BoE looking backwards instead of forwards: The Bank of England has finally realised…

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