November Base Rate Predictions

beecher

I've voted 0.25% but wouldn't be suprised if it was 0.50%. Gordon Brown is just interested in the Glenrothes by-election right now, and will do anything to win it. He can pondificate as much as he likes about 'making' banks pass on the cuts, but the reality is that with debts so much higher than savings, our economy is doomed. These cuts in rates aren't doing much to encourage savers either

savemoney

I suspect it will be about 1% cut or at least 0.75%

JF77

I voted -0.25% last month so was wrong! I have gone for -0.50% this month.

I have a lifetime tracker which adjusts really quickly which is great leading up to crimbo. After crimbo I will start to overpay each month.

:j

mr_jetlag

Definitely at least 0.50%, perhaps as much as 0.75 or 1% if new bad news comes out. Inflation is definitely a secondary priority for now. The markets have already priced in a 50bp cut. Color me cynical, but the banks not passing the rate cuts on just gives GB and AD another opportunity to "play the hero" and force the banks getting BoE funding to lower their SVRs / undercut LIBOR for loans to "key sectors" of the public. Small businesses will be relieved, Labour wins Glenrothes. :rolleyes:

monkeymaster

mr_jetlag wrote: »

Definitely at least 0.50%, perhaps as much as 0.75 or 1% if new bad news comes out. Inflation is definitely a secondary priority for now. The markets have already priced in a 50bp cut. Color me cynical, but the banks not passing the rate cuts on just gives GB and AD another opportunity to "play the hero" and force the banks getting BoE funding to lower their SVRs / undercut LIBOR for loans to "key sectors" of the public. Small businesses will be relieved, Labour wins Glenrothes. :rolleyes:

0.5% I think as the market is expecting it and the market gets what the market wants. The BoE are basically robbing savers to build up the banks' capital.

Plasticman

-0.5% I suspect, although +10% would be good for me as I'm on a fixed rate mortgage and need the interest on my savings.

nmiah786

more then 50% of people voting on this thread are expecting rates to go down by greater then 0.5%

Would you have voted this way before last months record 0.5% drop!?!

Ask yourself that question and think long and hard!!!

Don't get too relax and expect rates to tumble, we are ina recession.







Don't get me wrong I would love the rate to drop as much as possible:D

pfpf

nmiah786 wrote: »

more then 50% of people voting on this thread are expecting rates to go down by greater then 0.5%

i think you are reading the poll results incorrectly.

nmiah786

pfpf wrote: »

i think you are reading the poll results incorrectly.

okay, you know what I meant, more then 50% of people expecting rates to drop by 0.5% or greater...:p

People were hoping for -0.25% drops previously and now -0.5% seems to be the norm...

monkeymaster

nmiah786 wrote: »

okay, you know what I meant, more then 50% of people expecting rates to drop by 0.5% or greater...:p

People were hoping for -0.25% drops previously and now -0.5% seems to be the norm...

Because the oil price has halved which they think will start eating into the inflation figures and we've had our first contraction in GDP in a long time which was worse than expected they now believe that rates need to be brought down fast to avoid a very bad recession/depression. So the game has changed basically. Until recently it was radical for the BoE to cut rates two months in a row or by more than .25% but now they're doing both. Expect things to be more volatile now.