The B.O.E decision Tommorow ..

ultra10

Yes its that time again when we try & second guess the Board members, so what is it going to be ?? I think there might be a slight chance of a reduction, what do you think ??

Dan:_4

Im pretty sure they will hold.

If they riase they will be blamed for ruining the economy.

If they reduce they will be balmed for high inflation.

They have little choice.

sympatex

No change for me, won't go down due to inflation fears (re report out yesterday, weak pound) won't go up due to economy reaching negative growth this 3rd quarter...probably.

ad44downey

Hold. Although they should really go up

Dan:_4

ad44downey wrote: »

Hold. Although they should really go up

No they shouldn't.

Edale

I've voted that they will hold but I really think they should cut them. Economic contraction is the enemy not inflation.

ad9898_3

Dan: wrote: »

No they shouldn't.

They will hold for sure but should indeed go up, if inflation is to be kept in check, of course if you have borrowed to much in what ever walk of life, then you will want rates to come down, which is what got us into this mess in the first place..... when up s**t creek, you don't carry on paddling up it.

Bringing rates down is something Mr Broooon would love to do if he hadnt given this power away, as saving the economy is not his priority, saving his own skin however most definitely is.

Dan:_4

ad9898 wrote: »

They will hold for sure but should indeed go up, if inflation is to be kept in check, of course if you have borrowed to much in what ever walk of life, then you will want rates to come down, which is what got us into this mess in the first place..... when up s**t creek, you don't carry on paddling up it.

Bringing rates down is something Mr Broooon would love to do if he hadnt given this power away, as saving the economy is not his priority, saving his own skin however most definitely is.

They need to be cautious. The economy is going down the pan, so why raise interest rates? A hold is the right decision at this time.

I have a feeling they may even cut them, which will be too hasty IMO.

ad9898_3

Dan: wrote: »

They need to be cautious. The economy is going down the pan, so why raise interest rates? A hold is the right decision at this time.

I have a feeling they may even cut them, which will be too hasty IMO.

If they cut them it will play straight into Gordons " short term view ", the only thing is the pound will then tank, more than it is now and inflation will hit 6%, not good if you value your wages or your job.

Trust Gordon to take us back to those heady days of the 70's, I cant wait:j

steadysaver

Hold..... again :rolleyes:

They are stuck between a rock and a hard place really. Dammed if they do, dammed if they don't

I will even stick my neck out and go for a hold in october

lostinrates

I think any change would be taken as a statement as well as an action. I think they'll hold. For the first time since I started guessing* I find myself thinking this is appropriate.

* I guess not predict. I have not the knowledge to predict and so I guess.