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BoE Poll

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24567

Comments

  • sm9ai
    sm9ai Posts: 485 Forumite
    No Change
    No Change for now.

    6% by end of year.
  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    No Change
    Al_Mac wrote: »
    I voted in a selfish way :) Again :) It will happen, Gordon Blair needs it up, so he can bring it down for a general election ;)

    You didn't read the question. What will they do, not what you want them to do.
    "Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
    Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
    "I think I'll become an alcoholic," said Betty.
  • dannyboycey
    dannyboycey Posts: 1,060 Forumite
    +25bp
    Hold this month, up 0.25 next month. Up to 7% by Christmas.
  • kazzy
    kazzy Posts: 787 Forumite
    No Change
    no change this month, then a rise of .25% then stay the same for a while and then down again but slowly
    I want money..........that's what I want !!:j
  • dannyboycey
    dannyboycey Posts: 1,060 Forumite
    +25bp
    kazzy wrote: »
    no change this month, then a rise of .25% then stay the same for a while and then down again but slowly

    Once the housing market slowdown turns into a full blown crash, they may lower rates in an attempt to tempt people back into the market. Until then rates will go up and up until that tipping point is reached. A crash is not just inevitable, the BOE actually need one to save their ar**s!!
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    No Change
    I think it's got to the point where they're damned if they do, damned if they don't. Either:

    1. Rates are kept low to keep the housing party going which works fine until the Chinese decide they won't keep their exchange rate artificially high at which point inflation shoots up and you end up either with stagflation or deflation (depending on the actions of the BoE)

    2. Rates are pushed up to try to put the inflation dragon back in it's box. House prices fall, lots of BTL LLs are driven out of business and a recession ensues.

    This sounds a lot like a glass half empty type of post but I struggle to see any other way out of this mess.
  • epz_2
    epz_2 Posts: 1,859 Forumite
    No Change
    dannyboycey wrote: »
    Once the housing market slowdown turns into a full blown crash, they may lower rates in an attempt to tempt people back into the market. Until then rates will go up and up until that tipping point is reached. A crash is not just inevitable, the BOE actually need one to save their ar**s!!

    agreed, wage inflation will take account of the cost of housing even if they try to ignore it
  • thesaint
    thesaint Posts: 4,324 Forumite
    Part of the Furniture Combo Breaker
    No Change
    I've told the board to hold interest rates this month, single digit house price inflation doesn't have much of a feel-good factor.
    Well life is harsh, hug me don't reject me.
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    No Change
    There's an even more controversial poll on here at the mo..
  • Melissa177
    Melissa177 Posts: 1,727 Forumite
    No Change
    No change, 5.75% by end of year.
    Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson
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