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CBI predicts rate rise to 0.75% in early 2015
MFW_ASAP
Posts: 1,458 Forumite
Interesting prediction from the CBI.
http://www.bbc.co.uk/news/business-27361169
"UK interest rates will rise to 0.75% from 0.5% in the first three months of 2015 as growth picks up, according to a prediction from the CBI.
That has been brought forward from an earlier prediction of a rate rise in the July to September period.
The business lobby group is forecasting growth of 3% this year, up from a previous estimate of 2.7%.
However the CBI warned that political uncertainty remained "a major risk to the recovery".
"Businesses recognise the realities of election time but want all parties to ensure their policies make a positive difference," said CBI director-general John Cridland.
"Politicians must be wary of the risk of headline-grabbing policies that weaken investment, opportunity and jobs," he added.
In addition to an increased forecast for growth this year, the CBI is also expecting 2.7% growth in 2015 - an increase from a previous estimate of 2.5%."
http://www.bbc.co.uk/news/business-27361169
"UK interest rates will rise to 0.75% from 0.5% in the first three months of 2015 as growth picks up, according to a prediction from the CBI.
That has been brought forward from an earlier prediction of a rate rise in the July to September period.
The business lobby group is forecasting growth of 3% this year, up from a previous estimate of 2.7%.
However the CBI warned that political uncertainty remained "a major risk to the recovery".
"Businesses recognise the realities of election time but want all parties to ensure their policies make a positive difference," said CBI director-general John Cridland.
"Politicians must be wary of the risk of headline-grabbing policies that weaken investment, opportunity and jobs," he added.
In addition to an increased forecast for growth this year, the CBI is also expecting 2.7% growth in 2015 - an increase from a previous estimate of 2.5%."
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Comments
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Interesting prediction from the CBI.
http://www.bbc.co.uk/news/business-27361169
"UK interest rates will rise to 0.75% from 0.5% in the first three months of 2015 as growth picks up, according to a prediction from the CBI.
That has been brought forward from an earlier prediction of a rate rise in the July to September period.
The business lobby group is forecasting growth of 3% this year, up from a previous estimate of 2.7%.
However the CBI warned that political uncertainty remained "a major risk to the recovery".
"Businesses recognise the realities of election time but want all parties to ensure their policies make a positive difference," said CBI director-general John Cridland.
"Politicians must be wary of the risk of headline-grabbing policies that weaken investment, opportunity and jobs," he added.
In addition to an increased forecast for growth this year, the CBI is also expecting 2.7% growth in 2015 - an increase from a previous estimate of 2.5%."
Rates will most likely rise as the Fed increases IMHO.0 -
What effect will a 0.25% base rate rise have on SVRs?
Will it increase the rates for new fixed rate deals?0 -
It's obvious for all to see that 2014 will be the last year of 0.5%. You have to be insane to think otherwise.0
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With May 2015 being general election time, it takes the genius of the CBI to figure out that a modest rise in rates might just be allowed to happen in 2015. Where would we be without their insight ?No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
I think rate rises in 2015 are looking likely, but anyone who claims or thinks they know what will happen is frankly insane.
There are all sorts of less likely phenomena that could change things - new strain of some disease e.g. bird flu, war, major terrorist attack (like 9/11) and those are only off the top of my head.
I don't see what the BOE have to do with the general election. They are indepenednt. What's the link?0 -
People - don't confuse rate raises with a house price crash. House prices will keep rising over the long term.0
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IR's won't increase until AFTER May 2015 ... if they do at all ....Bringing Happiness where there is Gloom!0
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Token rise at best, inflation bellow target is a problem.
Perhaps a token rise next year and 0.75 for the next few years...0
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