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Base Rate Decision Tomorrow
whatyadoinsucka
Posts: 737 Forumite
well its that time of the month already, any ideas.
0.5% tomorrow at 12, more than likely
0.5% tomorrow at 12, more than likely
Base Rate Change 59 votes
Up 0.5%+
3%
2 votes
Up a litte 0.25%
8%
5 votes
No Change
84%
50 votes
Down to 0.25%
3%
2 votes
0
Comments
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0.5% while they monitor inflation rising.0
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the main 'rates higher antagonist' andrew sentance has his last vote next month. so the odds of it going up are getting slimmer..0
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It appears that wage inflation is now looking around 3%.0
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Inflation target was increased therefore, chances are interest rate will stay put
Even time will never heal these scars0 -
-5% tomorrow & relaxation of bank lending
Instant Quantitative EasingNot Again0 -
I think they're going to test the water, based on the fact I've had more than one pee this evening.
Oh, and the $£ is rallying 0 -
:beer:RenovationMan wrote: »0.5% until I make the second 10% overpayment on our mortgage in June.
As a FTB less than 2 years ago, I'll be down to 60% LTV by November (earlier if base rate stays at 0.5%).
This recession has been great, although if i hadn't survived my two recent re-structures i may not agree.0 -
I think the Bank know they have to raise rates, but want to do it as late as possible. Particularly since the quarterly economic figures will not be out in time for this decision. No change.0
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inflation minus the VAT increase is about 2.5% - can someone explain how raising rates will have an impact on this inflation?0
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Shop price inflation fell from 2.7% in Feb to 2.4% in March. The monthly figure fell by 0.3%, after increasing 0.7% in January.
M4 fell by £0.7 Billion in Feb.
British Industrial Output fell by 1.2% in Feb.
New car sales down 7.9% YoY in March.
Chances of a base rate hike are pretty slim IMO, and it's starting to look like the MPC were absolutely right to hold their nerve.“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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