Bank of England Monetary Policy Committee unites to hold rates

tkane

And here we have confirmation that interest rates won't be budging for some time yet.

Ian McCafferty and Martin Weale joined the other seven members to hold rates - they had been voting for an increase previously.

http://www.bankofengland.co.uk/publications/minutes/Pages/mpc/default.aspx

carslet

I can't see rates going up this year. even more so now with the two that were always voting for an increase now wanting to hold

wotsthat

Looks like the 0.5% BoE rate will almost certainly see its 6th Birthday on 5th March. Hasn't time flown.

I might start the celebrations by dusting off Renovationman's interest rate gamble thread. It always seems to create a feel good factor across the board.

Dan:_4

happy days!

princeofpounds

happy days!

of course. free money makes everyone richer, right?

Dan:_4

princeofpounds wrote: »

of course. free money makes everyone richer, right?

No idea, nor do I care. All I know is this decision is keeping my mortgage repayments ultra low. Time to book that cruise I think! :beer:

[Deleted User]

Dan: wrote: »

No idea, nor do I care. All I know is this decision is keeping my mortgage repayments ultra low. Time to book that cruise I think! :beer:

We're off to the Maldives what with cheap mortgage payments, cheap fuel and a significant contribution reduction to my gold plated pension it would be rude not to

yertiz_2

tkane wrote: »

And here we have confirmation that interest rates won't be budging for some time yet.

Ian McCafferty and Martin Weale joined the other seven members to hold rates - they had been voting for an increase previously.

http://www.bankofengland.co.uk/publications/minutes/Pages/mpc/default.aspx

They said that about oil.....

Thrugelmir

wotsthat wrote: »

Looks like the 0.5% BoE rate will almost certainly see its 6th Birthday on 5th March. Hasn't time flown.

I might start the celebrations by dusting off Renovationman's interest rate gamble thread. It always seems to create a feel good factor across the board.

Makes you wonder what the end game is though. As there's still no end in sight.

purch

wotsthat wrote: »

Looks like the 0.5% BoE rate will almost certainly see its 6th Birthday on 5th March.

Certainly not something to particularly pleased about.

wotsthat

purch wrote: »

Certainly not something to particularly pleased about.

I've been delighted about it. Far less than half the amount of interest paid in the last 6 years than the previous 6. Every penny has eventually landed up in my sipp with a 40% tax rebate added. Now fixed until 2019 so I've started moaning about hard pressed savers.

Thrugelmir wrote: »

Makes you wonder what the end game is though. As there's still no end in sight.

The last few years should have taught us there isn't a grand plan or end game. I just try and enjoy the journey in case I never get to the destination or don't like it when I get there.