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Interest Rate
mertsman
Posts: 4 Newbie
Interest rates are due to be annouced next week by the BoE. Do you thik it will stay at 0.5% or go up?
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Comments
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Interest rates are due to be annouced next week by the BoE. Do you thik it will stay at 0.5% or go up?
Oops, hit 'thanks' by mistake, no matter.
I think stay the same. Could go down but not so likely.
The Aussie Central Bank (RBA) will most likely increase rates before the end of the calendar year.0 -
OECD Report put paid to any increases for another 6 months IMHO.0
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Definately no change this side of a general election (which would be excellent)18 May 2007 (start of Mortgage):
Coventry Offset Mortgage £220800
Offset Savings: £0
Mortgage Balance: £220,800
14 Jan 08
Coventry Offest Mortgage: 219002
Offset Savings: 28200
Mortage Balance: £190802
And still chucking every spare penny into it!0 -
I will be very surprised if they go up.0
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6 Months :eek:
More like 6 years !!!!
There is 100% more chance of a cut, than there is of a rise :cool:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Well, you say that, I dont agree with the 100% though. The market prices rates realistically, I dont see man y credit cards on rates below 10%, nor do I see many SVRs at the mo that are below BOE BR + 3%. These are the figures to pay attention to; once foreign investors start running away from UK debt like little girls, you can guarantee the changes in gilt yields will soon cause hikes in Base rate, if the BOE like it or not.
The eastern investors have us by the short n curlies, they OWN us. It is just as much them as Merv that will determine where true rates go.0 -
Interest rates are due to be annouced next week by the BoE. Do you thik it will stay at 0.5% or go up?
almost definitely unchanged, with a very slight risk towards a cut - but certainly not up.Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
ECB left Euro rates unchanged about 1hr ago.Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
0.5% for 6 months with gradual rises thereafter. That's what my crystal ball is telling me anyway."I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.0
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These are the figures to pay attention to; once foreign investors start running away from UK debt like little girls, you can guarantee the changes in gilt yields will soon cause hikes in Base rate, if the BOE like it or not.
Have you ever compared the rates paid by AAA rated countries with AA rated countries?
Did you realise the difference paid by less credit worthy governments over more credit worthy governments is often measured in tenths of a percent....
And of course thats only if we don't have anything they need......
Should the UK lose it's AAA rating, the conversation would go a lot like this....
UK Prime Minister to Middle Eastern despot with huge sovereign wealth fund.....
PM-Loan us some money at cheap rates
MED- No
PM- I'll sell you some cheap weapons and owe you a vote next time you're in trouble with the UN....
MED- How much would you like Sir.....
:rolleyes:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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