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When will the BOE first raise base rate?

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Comments

  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Inflation slowing again surely means interest rate hikes must be off the cards for the time being?
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • Mallotum_X
    Mallotum_X Posts: 2,591 Forumite
    Part of the Furniture Combo Breaker
    Summer next year, i.e. after the election
  • purch
    purch Posts: 9,865 Forumite
    November
    Not sure they'll be in a hurry with the way things are going in Europe.

    We have made that mistake before.

    Does the name Fatty Lawson ring a bell ?

    We are not members of the Eurozone, and this is as good an example of why we can't be as you will find.

    The bank will not be looking at last months Inflation figures when they decide on the level of base rate. They will be looking forward, and taking into account many more things than just CPI/RPI.

    With a base rate of 1/2 percent, is is hard to see that influencing anything much, especially not inflation.

    When the first move comes, the length of time it will take to get to 3 1/2-4% will be much shorter than many assume. And the quicker it get's there, the less likely we are to see any major shocks with longer term rates.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
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