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Debate House Prices
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Annual Prediction Thread for BoE Interest Rates
Comments
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You have either got to be a real sad bast4rd, or debt junkie, to have bought a house and be worried about minor changes to the interest rate."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
2.5%......0
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I'm utterly !!!!!! so I'm gonna be wacky and say 0.75%This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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It is worrying that BoE have lost a lot of their credibility.
They are spent, they have have fired their chaff with little effect.
As a saver with fixed forward savings rolling over it is really only short term money that has taken the brunt. Once you go over 18months/2 years the rates haven't fallen in the same proportion."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
I can see a fall to 0.25% together with a lot of QE if the eurozone goes properly pop. Currency controls aside, a strengthening pound is the last thing we need right now and if the failure of the euro looks as if it will cause flight to stirling, they will use their last bite at the cherry (dropping rates further) in an attempt to sort it out.
I am also predicting inflation to be below 3.5% by the end of Q1 2012.
Stick me down for 0.5% though. The euro will muddle on for some time yet until the markets checkmate the policy makers.0 -
I can't believe how lucky us home owners have been to see rates this low long term.
If rates stayed at 0.5% (and I think they will) this year that will be the best bonus ever.
It really gave me a chance to not only get my finances in order but to buy a new car and pay for it on the mortgage saving.
Long may it continue. It makes me happy to see people agreeing that rates will not rise next year. I don't care what house prices do in the short term. Keep these rates please.We love Sarah O Grady0 -
Sorry Sibley ... my prediction is that mortgage rates will rise (but maybe only a little) despite BoE rate remaining static. But if you have a mortgage linked (permanently) to base rate you'll be quids in.
A few comments above seem to suggest that BoE has less influence on the market now - at least when setting rates, although QE has an effect.0
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