We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
BOE MPC raises interest rates by 0.25% to 0.75%
Options
worldtraveller
Posts: 14,013 Forumite
The Bank of Englands Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 1 August 2018, the MPC voted unanimously to increase Bank Rate by 0.25 percentage points, to 0.75%.
The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee also voted unanimously to maintain the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion.
Bank of England
The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee also voted unanimously to maintain the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion.
Bank of England
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
0
Comments
-
About time ...0
-
About time indeed!0
-
Very good!0
-
Sterling is down, were they expecting 0.5%?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
-
Sterling is down, were they expecting 0.5%?
I guess that the markets just aren't convinced of the BOE's follow through with any further increases for some time, especially with all of the political/Brexit uncertainty.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
..and, let's be straight, they really did need some more "meat on the bones" to have some ammunition if things go completely pear shaped and/or we have another recession.
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
House prices 50% down by Christmas?
What's the betting the next rate move is back down again?0 -
westernpromise wrote: »House prices 50% down by Christmas?
What's the betting the next rate move is back down again?
You would be betting against the markets, which are already looking for the next rise, particularly given the FED is likely to hike yet again at its Sept meeting.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Ozymandias73 wrote: »You would be betting against the markets, which are already looking for the next rise, particularly given the FED is likely to hike yet again at its Sept meeting.
Not much in Carney's comments today to indicate further rises this year unless things change dramatically, for now the path will be slow and limited rises, looking at 1-2 per year with the current plan being to top out between 2-3%, things can always change but that is in either direction, the case for today's rise wasn't even massively strong, never mind continued tightening in the face of Brexit uncertainty.
Of course the Fed is tightening, US growth is rattling along, not much sign of that here.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards