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How long at 0.5%
PokerFace_2
Posts: 33 Forumite
as the BoE kept the base rate at 0.5% today how long do we all think it will stay there? will we get to the end of 2009 at 0.5%??
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Comments
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3'3.4", or 1 metre as it is in new-fangled measurements - that's how long.0
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as the BoE kept the base rate at 0.5% today how long do we all think it will stay there? will we get to the end of 2009 at 0.5%??
another 12 to 18mthsPlease take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
inspector_monkfish wrote: »another 12 to 18mths
I'd go for the shorter end of that personally on the basis that current monetary policy is going to be inflationary and it takes about 18 months for it to feed into prices fully.0 -
Any ideas on how high interest rates will be in 2012? My fixed rate ends on 31.12.11!0
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whathavewedone wrote: »Any ideas on how high interest rates will be in 2012? My fixed rate ends on 31.12.11!
No one knows. People can predict the short term reasonably accuratly, but long term goes all to pot. They could be practically anywhere. My guess is that if you plan to repay as much of your mortgage as possible now, when it is cheap, you won't be making a mistake.
Or to put it another way, it wasn't too long ago bank rates were always over 10%, and people would have thought you were having a laugh if you ever predicted base rates would go to 0.5%.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
whathavewedone wrote: »Any ideas on how high interest rates will be in 2012? My fixed rate ends on 31.12.11!
If QE feeds through and pushes up inflation, could be 10%+0 -
Below 1.0% for 12 months minimum.Not Again0
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hopefully for a long time, till my mortgage is paid. wishful thinking.0
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Hopefully it will stay where it is for 12 months....
Im saving about 540 a month on my tracker and paying shed loads off
of my credit card....
Darren0 -
I'm old enough to remember scary interest rates (although I was lucky enough to be young, free, single and renting/living with parents at the time).
I was only joking I know no one really knows how high interest rates will be in 2012. I reckon high - but then I thought that in October last year which is why I fixed my mortgage for 3 years (worst possible thing I could have done apart from fixing for 2:mad:) If only I hadn't I could be saving a grand a month!!!!
Thanks for the advice though, it is what I am doing actually.0
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