future ECB rate cuts

whats peoples opinions on the b(w)anks passing on any future rate cuts to variable punters??

i know theres talk of the ECB cutting rates to circa 2-2.5% in the coming months

i know a fella whos a certain billionaires right hand man and hes adament that there will be a cut tomorrow and another one in December...*

ive save about 200€ a month between two properties with the last cut...fingers crossed they'll at least pass the next one....

*just to note hes predicted correctly thus far....

DublinMo said:

i know a fella whos a certain billionaires right hand man and hes adament that there will be a cut tomorrow and another one in December...*

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I heard that to from a good source on the day of the 1st cut. There is a theory that are heading into a period of very high inflation, to erode the large debt people/companies have built up.

Towger said:

I heard that to from a good source on the day of the 1st cut. There is a theory that are heading into a period of very high inflation, to erode the large debt people/companies have built up.

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without a doubt but you can guarantee that the rates will shoot up just as quick when & if these cuts sort the situation...

the key imho is to try and fix at the right time (once its value for money which will be hard to find id imagine)

best to check euribor rates,

they are expected to be pretty low for the next 4-5 years.

link here, click on 0-5 years, also look at the instaneous rate.

http://www.ecb.int/stats/money/yc/html/index.en.html

if anything we are in for zero or little inflation, based on low commodity rates, and competition for work etc.

look at japan post 1992, were in for massive de leveraging by basically everyone

gally74 said:

best to check euribor rates,

they are expected to be pretty low for the next 4-5 years.

link here, click on 0-5 years, also look at the instaneous rate.

http://www.ecb.int/stats/money/yc/html/index.en.html

if anything we are in for zero or little inflation, based on low commodity rates, and competition for work etc.

look at japan post 1992, were in for massive de leveraging by basically everyone

Click to expand...

interesting...

the bold line is very interesting in itself and bodes well for them to pass it on but greed will always take precedent with banks as you know

a great PR stunt for Cowen would be if he leans on them again considering we, the taxpayer, bailed the scum out with little or no accountability