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Octobers MPC Decision

mystic_trev
mystic_trev Posts: 5,434 Forumite
Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
in House buying, renting & selling
Just got 6:1 on Betfair for a 0.25% cut. Bit of a punt as I think they'll probably wait a while before cutting, but good odds so couldn't resist!
«1345

Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    It's not quite the 120+ I was getting last time!

    Big Bank reckon no change this year. A whole load of 'leading indicators' have just been released, that is stats that are supposed to predict future economic activity. Generally slightly lower than expected except consumer confidence which is much higher than expected.

    A rate rise between now and December could be an interesting contrarian bet. I agree with Big Bank though.
  • dannyboycey
    dannyboycey Posts: 1,060 Forumite
    I'll settle for a hold, especially in the run-up to Christmas.
  • RabbitMad
    RabbitMad Posts: 2,069 Forumite
    A prudent 0.5% cut if Napoleon calls an election?
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    RabbitMad wrote: »
    A prudent 0.5% cut if Napoleon calls an election?

    25 bps good, 50 bps better, eh comrade?
  • dannyboycey
    dannyboycey Posts: 1,060 Forumite
    *deleted* double post. sorry.
  • dannyboycey
    dannyboycey Posts: 1,060 Forumite
    RabbitMad wrote: »
    A prudent 0.5% cut if Napoleon calls an election?

    0.25 would be a somewhat foolish, short-term fix. 0.5 would be pure stupidity. I think the sensible money is on a hold until 2008.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Big Bank reckons no change this year, cuts next year.

    They also reckon houses are about 20% over valued (on average) across the UK. They don't make predictions about the future level of house prices (and they're quite sniffy about it!).
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    dannyboycey wrote: »
    0.25 would be a somewhat foolish, short-term fix. 0.5 would be pure stupidity. I think the sensible money is on a hold until 2008.

    Remember August 2005 !:eek:
  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    My guess is David "Doh, lesbianism doesn't count as adultery under New Hampshire law" Blanchflower will vote for a cut, the question is, will there be four more doing the same?
    "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.
  • dannyboycey
    dannyboycey Posts: 1,060 Forumite
    mystic_trev wrote: »
    Remember August 2005 !:eek:

    Not really. I was probably drunk. But I suspect that it's coming back to bite a few homeowners on the bum round about now! ;)
This discussion has been closed.
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