Are interest rates going to go up anytime soon?

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Are interest rates going to go up anytime soon?
If they do go up, how much is realistically possible?
If they do go up, how much is realistically possible?
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Just turned 28. Unemployment is rife, buying a house is impossible, interest rates are awful.
I have £24k savings which helps.....but I can't do anything decent with it.
I get a massive £45 interest a month.
Anyone have any advice on what I could do with my savings to get the best out of them?
Compare their 70% LTV 2 year to their 70% LTV tracker - no significant difference (2 year is 0.2% cheaper than the tracker in those 2 years, but more expensive once on the SVR).
Compare their 70% LTV 2y year to their 70% LTV 5 year, and there's a jump.
So they're pricing for a change in the 2-5 year period, but even then it's not a significant jump. So it's either a significant hike at the end, or a more modest one earlier on.
The banks should be pricing their mortgages according to what they think the market will do (probably erring on the side of caution the further out the mortgage looks). So comparing one banks products across otherwise similar conditions gives at least an indication of what they think may happen. Rinse and repeat for as many banks as you can be bothered with to get a more rounded view.
Thanks,
Mirno
On the other hand, if you are very reliant on interests to top up your income, then it is a different kettle of fish.
We will be in for more QE, more inflation, more cuts, and a Japanese style lost decade as far as I can see - the existing cuts haven't even started to be felt in earnest, let alone the future 10 billion.
Hmm...
Other than that, I agree very much with you.
Cheers.
Joe
... There will be no change whist the same idiots are in charge who have been in charge for the last four years.
Why they think ultra-low interest rates will solve the economys problems i dont know, its really worked well so far. hasnt it?