Big stuff

Graham_Devon

Interest rates are just as likely to fall as they are to rise. However, they may not do either of those things.

This has been announced as forward guidance has now changed (again). Robert Peston described what the Chief economist of the BOE stated as "big stuff".

And that's my report for today

The chief economist of the Bank of England has said UK interest rates are as likely to fall further as to rise.

Speaking in a personal capacity, Andy Haldane - a member of the Bank's Monetary Policy Committee (MPC) - said he could not see a strong case for a move in either direction.

BBC economics editor Robert Peston described the comments as "big stuff".

UK interest rates were reduced to 0.5% in March 2009 and have remained at that level ever since.

In February, the Bank changed its guidance and hinted that rates could be cut further if the economy needed additional stimulus.
Up to that point, most commentators and investors had assumed that a rate rise was most likely to happen late this year or early next.

http://www.bbc.co.uk/news/business-31967023

Loughton_Monkey

Graham_Devon wrote: »

Interest rates are just as likely to fall as they are to rise. However, they may not do either of those things.


.....


And that's my report for today

Here's my own report......


House prices may rise again this year. They may fall. Then again, I feel they could do neither.


Eat your heart out, Einstein.....:)

westernpromise

Mortgage rates are likelier to fall than rise, regardless of where base rates go.

HAMISH_MCTAVISH

7 years of 'the usual suspects' repeating their mantra that "there's only one way" rates can go from here.

They must be devastated to learn that's not entirely accurate...

Graham_Devon

HAMISH_MCTAVISH wrote: »

7 years of 'the usual suspects' repeating their mantra that "there's only one way" rates can go from here.

They must be devastated to learn that's not entirely accurate...

You must be even more devastated that you can't pull up any post where you suggested they would fall, or even disagreed with any of those "usual suspects"...all in the aid of saying "I told you so".

Guess the above paragraph is the closest you can get!

chucknorris

HAMISH_MCTAVISH wrote: »

7 years of 'the usual suspects' repeating their mantra that "there's only one way" rates can go from here.

They must be devastated to learn that's not entirely accurate...

This will cheer them up (not):
http://www.standard.co.uk/business/business-news/budget-2015-interest-rates-to-stay-below-2-for-next-five-years-obr-predicts-10119351.html
Budget 2015: Interest rates to stay below 2% for next five years, OBR predicts

purch

Just like Janet Yellen yesterday, the Fed might start to raise rates in June, but then again they might not.

Nobody knows. Both the UK & US are in recovery but just how fragile the recoveries are, nobody knows.

You'd need to be brave to predict rates above 1.5-2 % in the short/medium term

chucknorris

purch wrote: »

Just like Janet Yellen yesterday, the Fed might start to raise rates in June, but then again they might not.

Nobody knows. Both the UK & US are in recovery but just how fragile the recoveries are, nobody knows.

You'd need to be brave to predict rates above 1.5-2 % in the short/medium term

We've had a great run of the base rate being only 0.5%, and it'll have to go up sometime. But as you suggest, we will still have low rates for some time to come.

michaels

Seems we are into a new round of competitive devaluations

WG0608

The interest rate will not move either way until after the general election.

purch

WG0608 wrote: »

The interest rate will not move either way until after the general election.

Are you referring to the 2020 Election ?