BofE Base Rate - October 2008

ginvzt

I suppose I should change my vote to no cut tomorrow....

sabretoothtigger

I was right, I said a cut only as part of a world coordinated effort but I didnt see them announcing it early

dannyboycey

mystic_trev wrote: »

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!

Someone give this lad a bugle!

sabretoothtigger

Yes well done, have they forwarded them in the past


http://www.bloomberg.com/apps/news?pid=20601087&sid=azOWH.Rai3iY&refer=home

JF77

OMG! turned the telly on to this shock. Not sure what to make of it all but am defo glad I took out a lifetime tracker last Nov.

I said a 0.25% cut but did not expect 0.5%

Happy? I think so...:o

space_rider

Well I was wrong but I am happy to be wrong. I currently have a tracker and my new deal in December will be a tracker too. Glad for now that I didn`t go for a fixed.

wolfman

Dan: wrote: »

Inflation has now peaked, so as it stands a 100 quid extra every month will mean more time in the pub and buying DVDs. I could save it I suppose, but where's the fun in that?

Dan: wrote: »

There has been various reports lately suggesting inflation is now easing.

Your various reports were obviously quite wrong
http://news.bbc.co.uk/1/hi/business/7668608.stm

To the tune of 0.5%. As I mentioned, it's increased the last few times, and isn't showing any sign of slowing just yet.

mr.broderick

wolfman wrote: »

Your various reports were obviously quite wrong
http://news.bbc.co.uk/1/hi/business/7668608.stm

To the tune of 0.5%. As I mentioned, it's increased the last few times, and isn't showing any sign of slowing just yet.

Hi Wolfie. In my opinion we are at peak inflation. Expect 3% base rates come march 2009 sir. Get ready for the resurgence.

Anger, denial, acceptance my ar.se.

wolfman

My point was basically that people were saying inflation had peaked, yet looking at previous reports it was still increasing. I agree inflation does now look after this most recent report, that it will drop given energy and food prices slowing down, and the drop in oil prices. I still wouldn't count out it going up though given the stability of the banks and how it's affecting the value of the pound.

StevieJ

mr.broderick wrote: »

Hi Wolfie. In my opinion we are at peak inflation. Expect 3% base rates come march 2009 sir. Get ready for the resurgence.

Anger, denial, acceptance my ar.se.

It has been looking obvious for a couple of months, but say it quietly.