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Base Rate Decision Tomorrow
Comments
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Next month is the first month when rises are a possibility. From then on everytime the MPC will seriously consdier raising rates.
Tomorrow is a non eventI am not a financial expert, and the post above is merely my opinion.:j0 -
I voted no change however I suspect that the MPC will have a 'pre-estimate' of the first estimate of the GDP figures for thefirst quarter 2011. If that is very strong then perhaps there will be a rate rise and certainly there will be votes for rises on the committee.0
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I voted no change however I suspect that the MPC will have a 'pre-estimate' of the first estimate of the GDP figures for thefirst quarter 2011. If that is very strong then perhaps there will be a rate rise and certainly there will be votes for rises on the committee.
0.8% is the estimate floating around.
I actually think inflation is peaking now though, so with the cuts still to fully take hold, they'd be premature in raising rates now.“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 -
HAMISH_MCTAVISH wrote: »0.8% is the estimate floating around.
I actually think inflation is peaking now though, so with the cuts still to fully take hold, they'd be premature in raising rates now.
so your predicting a fall in inflation this month? :rotfl:I am not a financial expert, and the post above is merely my opinion.:j0 -
Voted for rise last 2 months. Though wonder if a rise will be deferred until August now. After 2nd quarter GDP numbers are announced.0
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so your predicting a fall in inflation this month? :rotfl:
http://forums.moneysavingexpert.com/showpost.php?p=42636618&postcount=12“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 -
50 / 50 chance on staying the same, or up .25%. I doubt it'll be up .5%...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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i doubt we will see any rise until the usa raises its rates or prints more dollars.
greenbubble0 -
HAMISH_MCTAVISH wrote: »0.8% is the estimate floating around.
I actually think inflation is peaking now though, so with the cuts still to fully take hold, they'd be premature in raising rates now.
0.8% is pretty strong growth. Long term trend in the UK is perhaps 0.5-0.6% per quarter.
You'd probably expect some deferred output from last quarter if you believe the snow theory (I do). Also, growth tends to be above trend coming out of a recession as companies add to stocks. Whether the UK is still in that stock building phase is debatable however. I think you are at the end of it, ie this is the last quarter where the stock building will be positive.0 -
0.8% is pretty strong growth. Long term trend in the UK is perhaps 0.5-0.6% per quarter.
The decision on interest rates will not be based on long term forecasts.
It will be done solely on whether they think they can get away with it without damaging the economy today.
The answer to that is a simple no. Inflation will fall & if it doesnt it will be a result of factors not in the Bank of Englands control.Not Again0
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