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MPC may raise Interest Rates to 6% in August!
Comments
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free4440273 wrote: »november: ruled out because it's too close to xmas. october unlikely because i think by then there will be a fairly big market sell-off. that leaves september and just one last possibility of a .50 increase. unlikely? yes. but that would be the only credible thing to do. but they don't have the guts...
well, i'm still not ruling out that .50 increase. but if it's going to happen, it needs to happen before october.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:0 -
Guy_Montag wrote: »10% YoY increase isn't much of a stabilisation in my book, I accept it's better than 20% YoY, but it's still over twice wage inflation.
I'm still comfortable with my prediction for 6.25% by Jan 2008.
Bet you 50p its not 6.25% by January 2008
:beer:
They wont go 50 points in one go, too drastic, and that would mean 2 more 25 point rises in the next 4 meetings, worst case they will run with another one, not two, the data and time of year really isn't consistent with 2 more rises.
Mind you, I wouldn't mind either way so I will risk 50p on a punt. Good luck Guy and may the best mystic meg win the pot.0 -
Bet you 50p its not 6.25% by January 2008
:beer:
They wont go 50 points in one go, too drastic, and that would mean 2 more 25 point rises in the next 4 meetings, worst case they will run with another one, not two, the data and time of year really isn't consistent with 2 more rises.
Mind you, I wouldn't mind either way so I will risk 50p on a punt. Good luck Guy and may the best mystic meg win the pot.
I make it five meetings, four in 2007 & one in 2008.
The problems are, Mel, a) I don't know if we'll get a pre-Christmas kick, or a post-Christmas kick & b) I hate giving bookies money, I never get any back off them :rolleyes: "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'm sticking with up a 1/4 point in September and possibly another in November - hasn't been any downside news on inflation so far this year, and el BankO d'Excess are still behind the curve. They can't now move up by 0.5% or back-to-back 0.25% (could have done last year) - too much like panic....0
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I've put a very small bet on a 25bp fall. It probably won't happen but I reckon the chances are much better than 140-1.
If it comes in, £280 should pay for Mrs Generali and the Generalissimos to have a few Sunday lunches at The Savoy (best value Sunday lunch in London IMHO).
After what has happened in the credit markets in the last week or so, the chances of a rise are virtually nil unless the pound starts to fall quickly vs €.0 -
What make the sunday lunch so good? Is it expensive? (Just thinking the morning after the next GHPC meet)"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 -
Sunday Lunch at the Savoy is supposed to be very very good.
BTW Generali - take your missus to Amerigo Vespucci in Canary Wharf near where you work: it's very good!Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson0 -
<OT>Guy_Montag wrote: »What make the sunday lunch so good? Is it expensive? (Just thinking the morning after the next GHPC meet)
3 courses of some of the best cooking in London for twenty odd quid with fantastic service in a beautiful dining room. The wine list rocks too. It's also a great place to take well behaved kids (but if yours are monsters please leave them at home - don't ruin my meal).Melissa177 wrote: »BTW Generali - take your missus to Amerigo Vespucci in Canary Wharf near where you work: it's very good!
I'm City side rather than Docklands. Write-up in Square Meal looks good enough to pay a trip down river though. A mate works for Lehmans over that way. Perhaps I'll go there with him.
</OT>
The way things are right now, I reckon there's more chance of me winning Miss World than the MPC raising rates.0 -
I'm City side rather than Docklands. Write-up in Square Meal looks good enough to pay a trip down river though. A mate works for Lehmans over that way. Perhaps I'll go there with him.
If you're in the City, I also recommend Le Saint Julien in Smithfields - and there's a half price deal on TopTable at the moment, whilst we're all MoneySaving.Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson0 -
BTW - sorry, we're going completely OT here!Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson0
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