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What is going to happen to BOE Base Rate in Jan 2009

Which way will they jump in Jan, hopefully they will move up again as these downward jumps dont seem to be making any difference.
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Comments

  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    Although I agree, unfortunately you're dreaming, they will be down 1%
  • drbeat
    drbeat Posts: 627 Forumite
    What they don't realise is that they're spoiling Mr & Mrs Massive-Mortgage's twice yearly holiday to the Costa Chava!
  • Swipe
    Swipe Posts: 5,763 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    down 0.5% (dead cert)
  • Up I hope, but I bet they go down.
  • fc123
    fc123 Posts: 6,573 Forumite
    Come on nice guys...it's been a lifeline for me.

    It's got to be the absolutely first time in my life the Govt has done something that actually benefits my situation right now.

    IO part of mortage is 3 something pcm. It means I have some slack.
  • Yup, interest rates will be going down.
  • drbeat
    drbeat Posts: 627 Forumite
    fc123 wrote: »
    Come on nice guys...it's been a lifeline for me.

    It's got to be the absolutely first time in my life the Govt has done something that actually benefits my situation right now.

    IO part of mortage is 3 something pcm. It means I have some slack.

    Yes but that slack is going to be cut away due to a weaker currency.
  • tradetime
    tradetime Posts: 3,200 Forumite
    I think if the panel voted via multiple choice, there wouldn't even be an up option on the form.
    Hope for the best.....Plan for the worst!

    "Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown
  • ad9898 wrote: »
    Although I agree, unfortunately you're dreaming, they will be down 1%
    If they do that wont it just cause the pound to go into freefall.
  • Rates will be cut, id put my mortgage on it......if i had one :p
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