Your prediction on the bank of England interest rate

homer_j_3

rates have remained the same.. I believe that it will now remain at this level until the new year.

Dan_Collins_2

Yeah BOE holding and I agree homer_j they will not budge this year.

Swap rates are the rates that banks lend to each other. LIBOR is a bit like the like the BOEBR for banks. It has dropped very slightly easing the pressure off of banks and lenders for a bit.

But we never know whats around the corner, fuel is on its way up!

[Deleted User]

Time to import goods from america

toonfish

Yant1 wrote: »

Time to import goods from america

not wrong there - I bought something for $750 that is £800 here. Even if I get stung with customs it's tons cheaper.

webwiz

If you are undecided about a fixed rate or a tracker the question to ask is NOT how good will it be for me if I get it right, but how bad will it be for me if I get it wrong. If you can comfortably afford a fixed rate you can sleep easy at night. The worst that can happen is that you are paying more than you needed to, but hey you can afford it. If you choose a tracker and get it wrong the worst that happen is that you lose your home and credit status.

I predict that they will at first reduce rates to avoid a recession then inflation will take off and they will increase rates higher than they need have been.