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BoE Poll

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Comments

  • wecanhelpu
    wecanhelpu Posts: 630 Forumite
    No Change
    5.75%, no change by end of year

    ;)
  • Melissa177
    Melissa177 Posts: 1,727 Forumite
    No Change
    It's interesting that the market has priced in 6%, the next inflation report doesn't come out until August, so I think their may be a rise then.
    Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    No Change
    Melissa177 wrote: »
    It's interesting that the market has priced in 6%, the next inflation report doesn't come out until August, so I think their may be a rise then.

    you've been quiet lately..missing sortofok or summat?
  • Melissa177
    Melissa177 Posts: 1,727 Forumite
    No Change
    I'm around, I just have a lot less time to post on here now I'm back in London!
    Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson
  • Ian_W
    Ian_W Posts: 3,778 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    No Change
    Generali wrote: »
    If this bloke is right, we'll see rates of 7-8%. Perhaps higher.

    " Tim Congdon, the former adviser to Tory Chancellor Kenneth Clarke "
    Oh dear, oh dear .... still should know what he's talking about when it comes to inflation!! What were IR then .. 8/10/12% or more.

    And no change BTW.
  • Melissa177
    Melissa177 Posts: 1,727 Forumite
    No Change
    I know Tim, he's an alright chap, despite an inflated opinion of himself.

    I think he's wrong on this one personally. BoE are far too timid - but it will be interesting to watch what happens.
    Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson
  • manhattan
    manhattan Posts: 1,461 Forumite
    Uniform Washer
    +50bp
    6.5% by the end of the year!
  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    No Change
    6.5% by the end of the year!

    Can you tell us what you base that on or was it posted just to get a response :-)


    I personally believe that rates will peak at 5.75% or 6%.

    My reasons are that
    1) Inflation will fall due to decreasing energy prices
    2) The last few interest rate rises have not made themselves felt yet and that will start to feed through into the numbers.

    Please post your reasons for 6.5% so that we can discuss.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    No Change
    lisyloo wrote: »
    Can you tell us what you base that on or was it posted just to get a response :-)


    I personally believe that rates will peak at 5.75% or 6%.

    My reasons are that
    1) Inflation will fall due to decreasing energy prices
    2) The last few interest rate rises have not made themselves felt yet and that will start to feed through into the numbers.

    Please post your reasons for 6.5% so that we can discuss.

    1. Are energy prices decreasing? Forward gas prices in Bloomberg show no priced in falls. Diesel for my car seems to be getting more expensive rather than cheaper too.

    2. Interest rate rises increase RPI so there is a chance that workers will demand higher wages when they see this, fuelling future inflation.

    I'm just being contrary really but don't assume that rates will fall just because the BBC says so.

    There are a lot of good reasons why inflation could rise, e.g.:
    rising gas prices due to tension between Russia and Europe;
    rising oil prices from invasion/blockade of Iran by US;
    rising food prices due to falling yields caused by drought in Australia and rising oil prices;
    rising costs of imports due to pound falling from current highs;
    etc.
  • free4440273
    free4440273 Posts: 38,438 Forumite
    No Change
    ...rising commodity prices and increased Chinese labor wage costs.
    BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!

    THE KILLERS :cool:

    THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:
This discussion has been closed.
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