Guess the rate date challenge...

gallygirl

OK, going for it big time, I would like to amend my date to Feb 12 please

cha97michelle

It said on the news last night November 2011 was the new prediction for rate changes. It is all absolute guesswork though isn't it.

financialbliss

cha97michelle wrote: »

It said on the news last night November 2011 was the new prediction for rate changes. It is all absolute guesswork though isn't it.

Just revisiting this thread ahead of the base rate decision tomorrow.

This is money appear to be going for all sorts of headline grabbing news with regard to the base rate, and they have done so again today:

http://www.thisismoney.co.uk/news/article.html?in_article_id=532438&in_page_id=2&ct=5

Article suggests that there is only a 10% possibility of the rates going up tomorrow. More interest (sorry), at least to me, is the suggestion that December 2011 or into 2012 will be when we are likely to see increases!

If you want to have a guess as to when they will rise, post here and I'll add you into the stats at the beginning.

Financial Bliss.

Froggy-G

My prediction of March 2020 is looking good! :D:D

financialbliss

Base rate held at 0.5%, but we knew that was going to happen this month didn't we?

http://www.bbc.co.uk/news/business-13293991

FB.

financialbliss

Interesting. I've only very quickly read through the article, plus only read a few comments, but it appears that the MPC has kicked the inflation into touch for now so that we may see new shoots of economic growth:

Article at TiM:
http://www.thisismoney.co.uk/news/article.html?in_article_id=534216&in_page_id=2&ct=5

Don't know if we can read anything into that, ie rates will stay at 0.5% for some time despite the inflation?

FB.

gallygirl

Good to see that the vote stayed 6-3 so here's hoping for a good while yet :j

kingster2069

Can I ask that they don't raise rates until my mortgage free date, at which time 20% will be great, when I start to save?:D:D:D

mummyofonechild

How about rates don't rise until we are all mortgage free

financialbliss

A bit late in the day, but the BoE base rate was kept at 0.5% again today:

BBC:
http://www.bbc.co.uk/news/business-13711754

TiM:
http://www.thisismoney.co.uk/news/article.html?in_article_id=536390&in_page_id=2&ct=5

Makes you wonder (well me at least) - is the economy in such a mess that it could not tolerate a 25 basic point rise?

There again, a lot of the inflation is through fuel and food and increasing the base rate is not going to control the overall inflation as food and fuel are essential items, not luxury items.


I've crossed off for May:
poppyoscar, mummyofonechild, wildfrog and Tabatha Kitten

I've crossed off for June:
pawlala, Tesco Tom, unhappy_shopper and Spiggle.

Next in the firing line (July) is erm, ME :eek::eek::eek:

From a quick scout of a few financial sites, it appears that the consensus for a rate increase is now November, but who knows.

Rather short of active participants - anyone new want to step forwards?

Financial Bliss.