Au contraire, ceebers
The capital value of your mortgage massively reduced, which is no doubt why the Bank of England is privately delighted to see a spot of inflation, especially when they can largely blame it on factors outside their control (VAT and commodity prices)
Posted By: Old Git on February 16th 2011 at 12:40:21
Message Thread
- "Inflation set to rise steeply" - 25% like in 1975? Bugger, my mortgage dint half rocket (n/m) (General Chat) - CB41, Feb 16, 12:30:51
- Au contraire, ceebers (General Chat) - Old Git, Feb 16, 12:40:21
- Yes but didn't interest rates go to 16% to combat the inflation? (General Chat) - CB41, Feb 16, 12:41:50
- Inflation inevitably pushes up wages (General Chat) - Old Git, Feb 16, 12:44:59
- Yeah I know but at the time, all you do is look at your repayments. (General Chat) - CB41, Feb 16, 12:58:11
- Inflation inevitably pushes up wages (General Chat) - Old Git, Feb 16, 12:44:59
- Yes but didn't interest rates go to 16% to combat the inflation? (General Chat) - CB41, Feb 16, 12:41:50
- Au contraire, ceebers (General Chat) - Old Git, Feb 16, 12:40:21
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