We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
MPC may raise Interest Rates to 6% in August!
phlash
Posts: 883 Forumite
"But it now looks as if a further rise might even be possible as soon as August, when the next Inflation Report is issued."
http://www.thisismoney.co.uk/news/article.html?in_article_id=422200&in_page_id=2&ct=5
MPC dropping a few hints?!
http://www.thisismoney.co.uk/news/article.html?in_article_id=422200&in_page_id=2&ct=5
MPC dropping a few hints?!
I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
That also means I cannot share in any profits from any decisions made!;)
That also means I cannot share in any profits from any decisions made!;)
0
Comments
-
Maybe. My guess is the autumn.0
-
Maybe. My guess is the autumn.
Is Big Bank always right, or has it been taken by surprise?"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.0 -
I recon if they were were going to up the interest rates in toe concecutive months they would have done at the start of the year.
the inflation targets are closer to correct and i may be wrong but i thought less people bought houses over the summer holidays so any jump woulnt have any affect on the end of fixes or new buyers.0 -
Big Bank does ok. They do get it wrong, as everyone does. They missed that rate rise that everybody else missed.0
-
Big Bank does ok. They do get it wrong, as everyone does. They missed that rate rise that everybody else missed.
I bet that they would raise on that sneaky one! Not everybody missed it! lol.I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
That also means I cannot share in any profits from any decisions made!;)0 -
I think the ONS inflation figures come out next week?
If CPI is more than 2.6 for June the MPC could consider raising rates again to try to get ahead of inflation. They may have got wind of this early.
The other option is that the MPC could be just starting the rumour to let sentiment do the rest whilst it has alreaday got the media attention.0 -
Big Bank does ok. They do get it wrong, as everyone does. They missed that rate rise that everybody else missed.
I was surprised that so many people were surprised by that one, I thought it was pretty obvious from what Merv had been saying."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.0 -
After every rise we get these predictions of back-to-back rises. But they never seem to actually happen. I don't think the MPC wants to risk scaring the horses.
I'd put the chance of a rise next month at about 10%. Much higher chance for September.0 -
I think the CPI statistic coming out on Tuesday will be favourable, and the 2% target will look in reach. However, the recent rises in oil and food are yet to filter in, so they know they are in for another jump in the CPI figure, which is why there is the talk of future rises.
The likely favourable CPI figure though, will probably be enough for the BoE to Hold in August, but we will have to wait and see!
The BoE playing a sentiment card is probably true, so they get the effects of a raise without the raise actually taking place. Almost clever!I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
That also means I cannot share in any profits from any decisions made!;)0 -
Guy_Montag wrote: »I was surprised that so many people were surprised by that one, I thought it was pretty obvious from what Merv had been saying.
I think I'm right to say that the MPC had never voted to raise without a quarterly inflation report that month at that opint. Everybody expected the rise, just not that month. According to the futures etc. prices and it's that stuff that really counts, not the Reuters/Bloomberg surveys.
People say all sorts of things. When they have to put money on it the mind is concentrated so much more.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards