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BOF Interest Rates Unchanged at 4.75%

PhilDS
PhilDS Posts: 92 Forumite
in House buying, renting & selling
Surely this must provoke some sort of reaction/discussion on this board? Or are people just fed up with trying to predict the future?;)
«1

Comments

  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    I was hoping for .25% this month & next.

    Oh well, it looks set for next month.
    "Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
    Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
    "I think I'll become an alcoholic," said Betty.
  • PhilDS
    PhilDS Posts: 92 Forumite
    Ah, Guy, you couldn't resist a prediction...I knew someone would bite. Besides, not everyone was predicitng rates being left unchanged. The BBC news this moring were portraying a very jittery situation.
  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    At the beginning of the month I didn't think they would rise, but when the CBI called for a rise, I thought perhaps they would.

    Currently I am anticipating a 0.25% rise next month & it would take some devistating figures to change that, though the way the ONS keeps cocking up, that wouldn't surprise me.
    "Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
    Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
    "I think I'll become an alcoholic," said Betty.
  • ashcarrot
    ashcarrot Posts: 651 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    What i've learn't today is that not all interest rate decisions are the same, the board only do a FULL review every 3 months (last was august with the previous rise) this review is based purely on the news etc. The next real review is in November when it been predicted that they will rise. Also theres some data on GDP or something around that time too.
    Money, Money, Money ..... Banks/Casinos/Bookies give me all you money its a poor mans world....
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    :j :j :j :j am I the only one who's pleased:confused:
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • PhilDS
    PhilDS Posts: 92 Forumite
    Nope, I'm with you. they should have lowered the rates!:rolleyes:
  • vishpatel
    vishpatel Posts: 184 Forumite
    100 Posts
    PhilDS wrote:
    Nope, I'm with you. they should have lowered the rates!:rolleyes:

    why? please explain.
  • sm9ai
    sm9ai Posts: 485 Forumite
    I'm surprised they didn't go up to be honest. It will just make things harder in the long run.

    Still November it is I guess.
  • noyk
    noyk Posts: 253 Forumite
    up up and away. I'm saving and i want more interest!!! :)
  • LizEstelle
    LizEstelle Posts: 1,559 Forumite
    My guess is that the next surveys will show the housing market not far off 10% annual inflation and climbing.

    If you're remortgaging, now's the time to grab that fixed rate while it's still on the table.
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