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Debate House Prices


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Next BofE base rate move

2»

Comments

  • Treadmill
    Treadmill Posts: 1,102 Forumite
    5% for the rest of the year and then up by abit next year
  • steadysaver
    steadysaver Posts: 389 Forumite
    I think a 0.25 rise in october to leave rates at 5.25 going into the end of the year.

    After that who knows. I guess it all depends on how high inflation goes and whether the recession will have the affect of reigning in inflation naturally

    I could be and will be wrong though
  • Snooze
    Snooze Posts: 2,041 Forumite
    1,000 Posts Combo Breaker
    I haven't got a !!!!ing clue! :confused:

    Rob
  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    Part of the Furniture Combo Breaker
    lynzpower wrote: »
    If they went down to 3.5 I can see the demand for mortgages (and remortgages and securing debts) being astromonical. Hell even Id think of getting one.!
    lynzpower wrote: »
    What will this do to the liquidity in the system? Probably not a lot, as its libor that is the cost of borrowing not the base rate.

    A little self-contradictory there Lynz.

    Lowering BofE base rate will not necessarily impact LIBOR and therefore new mortgages would not be significantly lower. My trackers would be though. :p

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
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