BofE Base Rate - October 2008

sabretoothtigger

2% cut? :rotfl: If that happens Im out of here

space_rider

adr0ck wrote: »

1 - 2 % cut

Have they ever cut it that much at a time?

mystic_trev

I reckon they'll cut by at least 0.5% and maybe as much as 1% These are 'strange' times so you can throw out the rule book. It won't make much difference 'though as LIBOR rates will remain high.

sabretoothtigger

Why do it then and is this month that much stranger then last month. Seems like nothing is new just more developed. I can only see a dramatic change if agreed and coordinated with other central banks as per attempts at liquidity, etc

Chris2685

I would like to change my guess to at least half a point cut.

dannyboycey

I think it'll be a 0.5% cut this time and possibly onother 0.25 befor Christmas if things don't improve.

mystic_trev

I wonder if they'll bring forward the announcement to today. They really haven't got much to discuss - just how much they're going to reduce them by!

sabretoothtigger

I still think they may hold, feels like everyone is expecting it to happen just because they want it to. They arent elected, they dont have to please anyone

ginvzt

I voted for a more than 0.25% cut. I think they might do it, but I don't think it will make any difference. I don't think it matter if they cut or raise the interest rates of by how much - the markets will still manage to find the dark side of that. It just how dark the side will be found will depend on how big the change will be....

Chris2685

To be honest, sabretoothtiger is right. I would hope they would go by what they think is best, and not what the majority think due to media hype. Whether they actually know what they're doing or not remains to be seen, but does anyone REALLY know what is happening nowadays?