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Star Letter 31/01/14

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  • 31/01/2014
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Star Letter 31/01/14
Each week Mortgage Solutions picks the best reader contributions from our article comments and letters to the editor.

Each week, we also round-up the best comments, emails and letters to the site and pick one reader contribution as our Star Letter. This week’s award goes to:

Carney’s forward guidance U-turn – weak or wise? Marketwatch

Forward guidance has proved to be a mistake. You can’t set your stall out and then back down from it weeks later and not look weak in my opinion.

I still believe he is the right man for the job, but he has lost a little credibility with this climbdown.

His real mistake was to link interest rates and unemployment in the first place. Whilst those of us in the industry understood that the 7% rate was never a trigger, it caused mass confusion (fuelled by the mainstream media in the main)…

Good Mortgage Man

You can read more of this week’s best reader comments in our Star Letter Extra column HERE.

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