Comments by "jjeffery worboys" (@jjefferyworboys8138) on "Bank of England Governor: 'Interest rates need to rise'" video.

  1. Interest rates have been too low for much too long and there is a generation of young people who have never experienced anything else. By the end of the year I would expect base rate to be at least 2% which is still incredibly low with more rises into 2023. Very good news for savers and the retired whose incomes are fixed.
    3
  2. At worst it will remain flat, subject to regional fluctuations. Whilst the demand for houses exceeds the supply, which it has done for many years prices won't fall, the opposite is more likely. Interest rates are still incredibly low and most people very sensibly have fixed rate mortgages which remains the best advice.
    3
  3. Sensible people would have fixed their mortgage for as long as possible. It's been a no brainer for years. Interest rate increases are long overdue and this will now be a regular feature over the next 2 years at least.
    2
  4. Whilst the Bank of England can control many things, sadly a worldwide pandemic isn't one of them !
    1
  5. Banks have paid back to customers billions in recent years for a variety of reasons and had very large fines from governments across the world.
    1
  6. Pension funds are huge investors in stocks so not all bad.
    1
  7. For a top banker he is very poorly paid. The Chief executive of LLoyds Bank has a salary package ten times greater. The manager of Manchester city football club has a salary package 40 times that of the Governor of the Bank of England !
    1