Interest Rates on Thursday

ashcarrot

0.5% I'm feeling that their going to see sense (probabily will be wrong though)

AndrewSmith

0.5% now.

This will be in the hope that it may slow down the inevitable summer holiday overspend by pinching the pocket at the time when most people are looking to book their holidays.

Also it will be overshadowed by the Labour Party change of leadership.

We may then see a smaller rise aound sept/oct to keep things in check in preparation for the Christmas spending spree which always happens.

dealornodeal_3

Yes ive just voted up 0,5%

pricedout_1

mystic_trev wrote: »

Right - who was the joker that voted - 0.50% ? Own up! You can get odds of 1000:1 for that on betfair!

"But there is a deeper-seated concern within the bank and rightly so. Its own forecasts acknowledge that over 2008 and 2009, there is a considerable risk that inflation could rise above 3 per cent and carry on rising, and for very similar reasons that inflation got out of hand in the late 1980s. No economy anywhere with reasonably full employment can allow bank lending to grow at 14 or 15 per cent a year as it is in Britain at the moment and expect inflation to remain at 2 per cent. Demand soars above any probable supply, earnings growth picks up and imports balloon. Either lending is forced lower by higher interest rates or inflation accelerates."

http://observer.guardian.co.uk/comment/story/0,,2073503,00.html

.... Got the weblink for that bet ?

mystic_trev

I said someone had voted for a 0.50% DECREASE !

https://www.betfair.com odds are 1000:1 for that!

Kez100

I voted 1/4 because they have another chance in 31 days time. They ought to do 1/2 and I am sure they will get that effect soon but take the softly, softly approach.

scrummy_mummy_2

I've budgeted on 0.25% now and then another one of 0.25% October time.

nelly_2

mystic_trev wrote: »

I said someone had voted for a 0.50% DECREASE !

www.betfair.com odds are 1000:1 for that!

!!!!!! trev I was gonna bang a tenner on that..................not on down

Generali

I've got a small flutter on no change. I think they'll be up .25% though.

mystic_trev

Generali wrote: »

I've got a small flutter on no change. I think they'll be up .25% though.

I've had a bet "on any other change" I know it's unlikely but the MPC could fudge it and go for (say) a 0.35% increase as they don't have to rise by increments of 0.25% and the odds were just too good!