will there be another rate cute this month?

caracal_77

I'm thinking 1.5%.

illgetthere

quite a varied opinion then....:D

lisyloo

I think post #9 and #11 are completely wrong.
I think the bank could surprise everyone with 1.5% like they did last time.
The economic figures coming out are dire and mortgage lending seems to be getting worse not better.

beecher

I agree with lisyloo - think they'll definitely do something. It won't make any difference though - I'm getting more and more concerned about where we're heading. It is looking much worse than a recession to me.

robin_banks

1.75% a likely move.

amscss

I think they'll go for a 1.5% cut this time - they waited too long before their first cuts and are now trying to catch up quickly.

Some people are saying it won't have much impact, but I think for people on variable rates which could now be saving between £100 and £500 a month on their mortgage then these people might be willing to start spending in the shops again which is what is needed.

illgetthere

i dont think people have the confidence to spend. It'll need a lot of time before spending confidence is back.

caracal_77

The only (or one of) thing that will hold them not to go for something drastic is the pound getting hammered.

ailuro2

whatever it is, it won't be as much of a surprise as last month's 1.5%

I think it will be around the 0.75 to 1.0 % mark

Although I just heard on the news that only 10 out of 69 mortgage lenders passed on the full rate cut last time round.:mad:

Glad we're on a BofE tracker.

illgetthere

i have 1 on a svr but a great tracker on a btl with no collar so am happy for any cut... i'll stick at 0.5% this month.