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Next movement in interest rates...opinions please
theGrinch
Posts: 3,133 Forumite
up or down, what percentage and when?
"enough is a feast"...old Buddist proverb
Will the next movement in the bank base rate be up or down? 14 votes
Up
28%
4 votes
Down
71%
10 votes
0
Comments
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I think that down is unlikely as it's not really going to do much good. Up can't happen for several years, perhaps decades!I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
When countries are in recession and want to encourage growth (like we are), governments always keep interest rates low to encourage businesses to borrow and expand.
So for long as we are in a recession and need growth, interest rates will remain low.
Unfortunately for me :eek:0 -
I think interest rates will remain quite flat for some time - maybe a couple of years or more....
no option to vote "remain the same" so have not voted....
imho
J0 -
Down definitely.
0 -
The Bank will have to do something, because people now seem to think it's the Bank's job to run the economy while the Government sits on its hands and blames Europe."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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something must be done. this is something. therefore this must be done!
i suspect this may be part of the logic behind the continuation of QE.
while they could cut rates to 0.25%, most actual interest rates have partly decoupled from bank base rate, so a cut might just show up how much their base rate is being ignored.
it is unfortunate that the government is leaving it up to the bank of england, because the bank doesn't have the tools to fix the economy. the government has better tools, if it would only use them: step up spending on infrastructure, education and training. (i may have said this before
.) 0 -
I think now its odds on down - 0.25% by this September. Not that it will do much other than signal a) intent to tackle the mess b) we are in a deep deep mess.
I guess it means good news for borrowers and savers to look for fixed rates as I am doing."enough is a feast"...old Buddist proverb0 -
I know its a vox pox but 71% think next move down"enough is a feast"...old Buddist proverb0
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The next move is hold0
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