BOE leave rates unchanged at 0.5pct......

adr0ck

interest rates wont rise for another few years at least

did anyone seriously think they would?

Mr_Mumble

Latest estimates of when we'll get a rate rise, from the market (presumably based on short sterling futures) according to Reuters:

Investors are factoring in 76 percent chance of a quarter percentage rate hike in May.

and the view of economists according to Bloomberg:

For now, economists forecast the bank will keep the rate unchanged until at least October, according to a Bloomberg News survey. The median estimates are for a 0.25 percentage-point increase in the final three months of 2011, with the rate rising to 1.5 percent in the second quarter of 2012.

purch

Isn't the value of the £ related to interest rates ?

No, not even remotely.

purch

Reading the full published BOE minutes is very informative.

Probably why most people don't bother.

Being informed usually ruins a good argument.

Sibley

I can't believe there are people actually wanting to see a rise so they can watch others lose their homes. I'm glad they are feeling miffed by this news. Taught them a good lesson this has.

Cleaver

Sibley wrote: »

I can't believe there are people actually wanting to see a rise so they can watch others lose their homes.

Can you actually produce for me a post from someone who wants to see a base rate rise so that they can watch people lose their homes?

There may be people on here who want to see base rate rises and, as a consequence of this, understand that a small amount of people may struggle to pay their mortgage because they are either unlucky, haven't planned properly or haven't been sensible with their finances. I don't think I've really ever seen any of the non-troll posters on here cheer someone losing their house, but I probably have seen them say that it might be an unfortunate by-product of what they see as a welcome economic policy. But these are two very different stances.