Guess the rate date challenge...

financialbliss

MPC minutes out today. A decisive 9:0 agreement on a hold in interest rates at 0.5%

BBC business : http://www.bbc.co.uk/news/business-15852598
TiM: http://www.thisismoney.co.uk/money/news/article-2065124/Bank-England-MPC-vote-QE-hold-9-0-despite-worsening-euro-crisis.html

FB.

wynnvegas

Hi FB,

It's hardly worth the MPC meeting these days! These meetings must take all of a couple of minutes.

Cheers,

Billy

financialbliss

Quick bit of housekeeping here - not enough hours in the day

Post #1 updated with December dates - next MPC meet is Wednesday and Thursday this week.

Tilly MFW in 6 YRS finally added in - sorry Tilly and a few others scrubbed out.

This article from This is Money (TiM), which gets updated fairly regularly is now suggesting we're potentially not in for a base rate rise unti mid-2015 (May):

http://www.thisismoney.co.uk/money/news/article-1607881/Interest-rates-News-predictions.html

and with the fairly flat economic figures out lately, I suspect it's a 9:0 for a hold in rates this coming Thursday.

Financial Bliss.

Tilly_MFW_in_6_YRS

Hi FB, that makes for some interesting reading. I scared myself rigid earlier today by wandering over to a discussion thread about mortgage rates and M Kings opinion that it would rise quickly due to Euro. I am afraid I ran away from the thread and had to lie down in a darkened room. I am sure many of us are keeping everything crossed for low rates for the next few years, although this does impact the savers.

Night all, Tilly

ultrarunner

This looks like fun - I'll stick my neck out and say July 2014... Increase of 1% to 1.5%

financialbliss

ultrarunner wrote: »

This looks like fun - I'll stick my neck out and say July 2014... Increase of 1% to 1.5%

Thanks for showing support ultrarunner.

Now added. I'll get graph re-generated and uploaded to photobucket tomorrow, as I'm turning in shortly.

FB.

Jock_Tight

Tilly_MFW_in_6_YRS wrote: »

I am sure many of us are keeping everything crossed for low rates for the next few years, although this does impact the savers.

Next few years!! I am hoping that interest rates rocket up by Dec 2012 i.e when I become mortgage free and switch to saving

I reckon we will see rates rise by 0.25% around July 2012.

Mallotum_X

November 2012 +0.25%

financialbliss

Hi all,

Base rate kept at 0.5% again this month:

BBC: http://www.bbc.co.uk/news/business-16089935
TiM: http://www.thisismoney.co.uk/money/news/article-2071540/MPC-meeting-Rates-held-QE-announced-Bank.html

Nothing we weren't expecting then...

FB.

curlygirl1971

Months ago I used to get so excited on Base Rate day and watch the news - now, unless you tell me, I completely forget it's going to happen.....

One of these day's it might be a nasty shock