BOE MPC - Interest Rates remain at 0.5%

Mistermeaner

Up and down but not perhaps in that order

mystic_trev

worldtraveller wrote: »

IMHO, I'm even more concerned now about the current global economy than I was back in November. In the last week I've increased my cash account/cash fund exposure significantly in my ISA & SIPP accounts, by selling units in several equity funds into "cash", to get to a mix level around that which I did back in 2007.

As always, only time will tell!

I went mainly back into cash in Feb as the FTSE was approaching 7,000. Initially it was just for two or three months, to see what would happen at the Election. Then Greece reared its ugly head - again, and China followed shortly after, so I'm still out.

Interesting article on the BBC website today.

http://www.bbc.co.uk/news/business-35051467

Dandytf

Mistermeaner wrote: »

Its alright lads I'm selflessly taking one for the team on my 4.98% ten year fixed. Seemed like a great idea in 2007. Oh well only a year and a bit to go

I was called mad for moving home Sept 2009

6% fixed until 20012 -5.19 until august 20017.

Enjoying the wee chance that i'll miss big increase in base rate -maybe not.

Thrugelmir

worldtraveller wrote: »

Surely, as is every day/week/month/year! But that's all part of the fun of investing, and making your own decisions, should you choose to, right, or wrong.

Stick to Warren's core principles and you won't go wrong. Invest in a cash generative boring business where one understand the company's business model. Then easier to relax. Rather than second guess reaction to events over which one has no control.

caronoel

Due to remortgage in Q1 2016. Looking forward to a 5 year Fix of just over 2%.

lovely jubbly

Generali

UK services PMI is now up to 56. The manufacturing PMI is down but services make up the bigger part of the economy by a long way. The money supply is increasing by any measure, unemployment is down to 5.4% (5% is reckoned to show the economy producing at capacity), employment is at record highs and wages are rising at 3% a year, higher than historic norms.

However, the CPI is ~0%. That's the only thing stopping the MPC from increasing rates I reckon.

mwpt

caronoel wrote: »

Due to remortgage in Q1 2016. Looking forward to a 5 year Fix of just over 2%.

lovely jubbly

Does that mean on balance you expect rates to increase substantially over the next two years? If you can get a ~2% five year fix, you could get a much lower two year tracker and revisit then. Is it just risk management?

mwpt

Generali wrote: »

UK services PMI is now up to 56. The manufacturing PMI is down but services make up the bigger part of the economy by a long way. The money supply is increasing by any measure, unemployment is down to 5.4% (5% is reckoned to show the economy producing at capacity), employment is at record highs and wages are rising at 3% a year, higher than historic norms.

Where are you getting your money supply and wage figures please?

westernpromise

A colleague of mine who is from Romania and has lived in Britain for 8 years was saying to me yesterday that as far as she can see, if you are in Britain and not working, it's because you don't want to.

Generali

mwpt wrote: »

Where are you getting your money supply and wage figures please?

Money Supply figures:
http://www.tradingeconomics.com/united-kingdom/money-supply-m2

Wage figures:
http://www.bbc.com/news/business-34785758

Both seem like reasonable sources. I'd rather get the money supply data from the BoE but Google always seems to send me to definitions rather than to the actual numbers and it's a PITA to dig them out.