Bank Rate Forecast

14bas

Can anyone suggest where I can get a reasonable view as to how Bank Rate is going to change over the next 2 to 3 years ?

Lokolo

I suspect there will be 3 things which might happen to them

a) They go up
b) They go down
c) Stays the same

YorkshireBoy

There are reports published almost daily by various economists. Google will find them for you.

Take every one you read with an extremely large pinch of salt!

Milarky

Lokolo wrote: »

I suspect there will be 3 things which might happen to them

a) They go up
b) They go down
c) Stays the same

The first two are now less likely - on account of the rate being 2% (and it's never been lower) In the immediate term rates must go down. In the medium term they will rise (from here!) In the long term nobody knows

newsaver2008

Surely if they go too low (according to the articles I have read) and the pound sinks further, this would trigger inflation and then scenario a) is more likely?

gozomark

Q1 09 1%
Q2 09 0.5%
Q1 10 2%
Q2 10 3%
Q4 10 4%
Q1 11 5%
Q3 11 6%

Inactive

How long is a piece of string?;)

Frege

Inactive wrote: »

How long is a piece of string?;)

Please keep on topic.

Lokolo

Frege wrote: »

Please keep on topic.

That is on topic. No-one can tell you because no-one has a bloody crystal ball....

Blah99

Round of applause to lokolo for two outstanding posts

gozomark - I'd be surprised if rates hit 6%, I think a cap around 5% is more likely, but it's just a feeling with no data behind it.

john_s_2

I think Frege was being humorous (in a dead-pan kind of way). It made me laugh anyway.