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!
Comments
-
New BoE inflation report is out. The people I've spoken to reckon it's going to mean 1 further rise in rates. Probably in Sept/Oct. I don't see it myself but what do I know?0
-
I thought this was Mel's Bf's area of expertise? What does he think?
I heard Bootle on R4 this morning saying that the BoE should raise 50bp to shock us a bit. But there's no indication that they'll do that, for a start you'd need to get 5 members to vote for it, & none have voted that way in the past, it's hard enough to get them to vote for +25bp.
I did like the quotes from Merv (via insidetrack on GHPC)
"on balance the the risk to inflation is slightly on the upside"
"interest rates are not a policy to protect people from past unwise lending decisions"
"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 -
Guy_Montag wrote: »I thought this was Mel's Bf's area of expertise? What does he think?
I heard Bootle on R4 this morning saying that the BoE should raise 50bp to shock us a bit. But there's no indication that they'll do that, for a start you'd need to get 5 members to vote for it, & none have voted that way in the past, it's hard enough to get them to vote for +25bp.
I did like the quotes from Merv (via insidetrack on GHPC)
"on balance the the risk to inflation is slightly on the upside"
"interest rates are not a policy to protect people from past unwise lending decisions"free4440273 wrote: »well, i'm still not ruling out that .50 increase. but if it's going to happen, it needs to happen before october.
...looks like Bootle and myself think along the same lines
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: »I thought this was Mel's Bf's area of expertise? What does he think?
He's with Generali on this one: the cost of beer in the City is far too high.
Seriously though, I will ask him this evening as we're going to have a drink after work.Errors of opinion may be tolerated where reason is left free to combat it. - Jefferson0 -
This just in.......
The Bank of England has indicated that interest rates will have to reach 6pc if inflation is to be kept under control over the next two years.
What the economists are saying....In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
A rise to 6% is now a dead cert, but I don't think it will happen before November.poppy100
-
I still stick to my guns that we'll see a cut before we'll see a rise, even if everyone else thinks that I'm wrong. This credit squeeze has got 'very nasty' written all over it as far as I can see.
I'm putting my (very small amount of) money where my mouth is too on Betfair.0 -
Big Bank reckons a rise is a nailed on certainty.0
-
Next month or later?Big Bank reckons a rise is a nailed on certainty.
When you say Big Bank, do you mean the bods around you, or does some sort of e-mail go out saying - plan your work round a 25bp rise next month?"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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K 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