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1…547548550552553…2003

Comments

  • castle96
    castle96 Posts: 3,054 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Mr._H_2 said:
    Olinda99 said:
    3 members of MPC voted for 0.5% so rates could go even higher soon
    They are expecting to reach 2.5% at some point in 2023.

    source?.......................
    source?..........
  • eskbanker
    eskbanker Posts: 40,819 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    castle96 said:
    Mr._H_2 said:
    Olinda99 said:
    3 members of MPC voted for 0.5% so rates could go even higher soon
    They are expecting to reach 2.5% at some point in 2023.

    source?.......................
    source?..........
    https://www.bankofengland.co.uk/monetary-policy-report/2022/may-2022
    The Committee’s updated central projections for activity and inflation are set out in the accompanying May Monetary Policy Report. The projections are conditioned on a market-implied path for Bank Rate that rises to around 2½% by mid-2023, before falling to 2% at the end of the forecast period.
  • BigBlueSky
    BigBlueSky Posts: 732 Forumite
    Seventh Anniversary 500 Posts Name Dropper
    What are Zopa and/or Aldermore like for speed of transfers in/out ?

  • wiseonesomeofthetime
    wiseonesomeofthetime Posts: 2,608 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    In this article, the OBR suggest 3.5% could be likely too! 


    BBC News - Interest rates: What are they and how high could they go?
  • janusd
    janusd Posts: 1,264 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    BigBlueSky said:
    What are Zopa and/or Aldermore like for speed of transfers in/out ?

    a Zopa SS deposit was very quick, not made any withdrawals yet; I made a withdrawal from Aldermore before 1:50pm today and it's already arrived in the nominated account... it's been a while since I made a deposit to Aldermore from a nominated account, so can't remember the time that takes... though sometimes it has been next day I think.

  • typistretired
    typistretired Posts: 2,099 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Coventry BS just emailed increasing interest rates from 1st June on those not fixed
    "Look after your pennies and your pounds will look after themselves"
  • VKE
    VKE Posts: 132 Forumite
    Seventh Anniversary 100 Posts Name Dropper
    BigBlueSky said:
    What are Zopa and/or Aldermore like for speed of transfers in/out ?

    Zopa transfer took under 1 hour
  • intalex
    intalex Posts: 1,140 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Atom this morning up to 1.24% Gross / 1.25% AER
  • typistretired
    typistretired Posts: 2,099 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 6 May 2022 at 7:07AM
    Intalex great news about atom
    "Look after your pennies and your pounds will look after themselves"
  • jaypers
    jaypers Posts: 1,196 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    Well done to Atom for acting quickly.

    Will be interesting to see what the other institutions do. Can’t see Chase increasing…….suspect they played a bit of a blinder here, knowing what would be happening with rates and acting early to attract market share. 
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