{"id":70276,"date":"2017-10-28T13:01:50","date_gmt":"2017-10-28T06:01:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-we-dont-need-an-interest-rate-rise-yet\/"},"modified":"2017-10-28T14:03:18","modified_gmt":"2017-10-28T07:03:18","slug":"why-we-dont-need-an-interest-rate-rise-yet","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-we-dont-need-an-interest-rate-rise-yet\/","title":{"rendered":"Why we don\u2019t need an interest rate rise (yet)"},"content":{"rendered":"<p>&#013;<br \/>\nThe economy is weak and the impact of higher rates on consumer behaviour is arguableIt has been a grim week for economic news. High street stores reported rapidly falling sales \u2013 the worst since 2009. Output from Britain\u2019s car factories tumbled, shrinking by 4.1% in September, with demand from UK car buyers plummeting by 14.2%. Meanwhile, official figures revealed the average pay for full-time workers crept up to \u00a3550 a week, but in real terms have fallen as they have been outstripped by prices. Even the one mildly positive bit of economic news \u2013 that GDP growth was slightly higher than expected \u2013 came with a warning that construction activity contracted for the second quarter in a row.In normal times we might expect a chancellor to be finding ways to stimulate the economy, with the Bank of England loosening the purse strings to lift activity. But precisely the opposite is about to happen. We are told there is an 80% certainty that the governor of the Bank of England, Mark Carney, will make the momentous announcement on Thursday that UK interest rates are to rise for the first time in 10 years. Continue reading&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : theguardian.com&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.theguardian.com\/money\/blog\/2017\/oct\/28\/why-we-dont-need-interest-rate-rise\" target=\"_blank\">Why we don\u2019t need an interest rate rise (yet)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; The economy is weak and the impact of higher rates on consumer behaviour is arguableIt&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-70276","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ihu","jetpack-related-posts":[{"id":138497,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/15-years-of-low-interest-rates-reshaped-the-u-s-economy-heres-whats-changing-as-rates-stay-higher-for-longer\/","url_meta":{"origin":70276,"position":0},"title":"15 years of low interest rates reshaped the U.S. economy. Here&#039;s what&#039;s changing as rates stay higher for longer","date":"July 26, 2023","format":false,"excerpt":"\r Years of low interest rates gave U.S. investors access to an effectively endless supply of free money. A new economic era is unfolding as interest rates rise.\r \r Source : cnbc.com\r Read more...15 years of low interest rates reshaped the U.S. economy. Here's what's changing as rates stay higher\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37390,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rbnzs-wheeler-sees-continued-strong-economic-growth-higher-inflation-but-with-some-risks\/","url_meta":{"origin":70276,"position":1},"title":"RBNZ&#039;s Wheeler sees &#039;continued strong economic growth&#039;, higher inflation, but with some risks","date":"December 8, 2016","format":false,"excerpt":"\r Reserve Bank governor Graeme Wheeler says the prospects are good for \"continued strong growth\" in the New Zealand economy in the next 18 months, with monetary policy accommodative enough to ensure inflation picks up after holding...\r \r Source : nzherald.co.nz\/Property\r Read more...RBNZ's Wheeler sees 'continued strong economic growth', higher\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37392,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rbnzs-wheeler-sees-continued-strong-economic-growth-higher-inflation-but-with-some-risks-2\/","url_meta":{"origin":70276,"position":2},"title":"RBNZ&#039;s Wheeler sees &#039;continued strong economic growth&#039;, higher inflation, but with some risks","date":"December 8, 2016","format":false,"excerpt":"\r Reserve Bank governor Graeme Wheeler says the prospects are good for \"continued strong growth\" in the New Zealand economy in the next 18 months, with monetary policy accommodative enough to ensure inflation picks up after holding...\r \r Source : nzherald.co.nz\/Property\r Read more...RBNZ's Wheeler sees 'continued strong economic growth', higher\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37394,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rbnzs-wheeler-sees-continued-strong-economic-growth-higher-inflation-but-with-some-risks-3\/","url_meta":{"origin":70276,"position":3},"title":"RBNZ&#039;s Wheeler sees &#039;continued strong economic growth&#039;, higher inflation, but with some risks","date":"December 8, 2016","format":false,"excerpt":"\r Reserve Bank governor Graeme Wheeler says the prospects are good for \"continued strong growth\" in the New Zealand economy in the next 18 months, with monetary policy accommodative enough to ensure inflation picks up after holding...\r \r Source : nzherald.co.nz\/Property\r Read more...RBNZ's Wheeler sees 'continued strong economic growth', higher\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37396,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rbnzs-wheeler-sees-continued-strong-economic-growth-higher-inflation-but-with-some-risks-4\/","url_meta":{"origin":70276,"position":4},"title":"RBNZ&#039;s Wheeler sees &#039;continued strong economic growth&#039;, higher inflation, but with some risks","date":"December 8, 2016","format":false,"excerpt":"\r Reserve Bank governor Graeme Wheeler says the prospects are good for \"continued strong growth\" in the New Zealand economy in the next 18 months, with monetary policy accommodative enough to ensure inflation picks up after holding...\r \r Source : nzherald.co.nz\/Property\r Read more...RBNZ's Wheeler sees 'continued strong economic growth', higher\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133680,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/painful-as-it-is-china-must-rid-its-economy-of-an-ever-rising-property-market\/","url_meta":{"origin":70276,"position":5},"title":"Painful as it is, China must rid its economy of an ever-rising property market","date":"January 12, 2023","format":false,"excerpt":"\r It will be impossible to wring speculation out of the sector without much lower prices and a significant increase in financial distress. But the longer the economy is dependent on an ever-rising property market, the higher the economic costs of reform.\r \r Source : South China Morning Post\r Read\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/70276"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=70276"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/70276\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=70276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=70276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=70276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}