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Rates.... wil they wont they?
dannyboycey
Posts: 1,060 Forumite
Everybody knows a rate cut today would be a monumental disaster of epic proportions for the economy.
But... they are under pressure from our incompetent government do do just that.
A cut could possibly cause a post Christmas rise in house prices again and the 'must get on the ladder at any cost' brigade will do just that. The fallout, although delayed will then be of biblical proportions. Full-on recession anyone?
But... they are under pressure from our incompetent government do do just that.
A cut could possibly cause a post Christmas rise in house prices again and the 'must get on the ladder at any cost' brigade will do just that. The fallout, although delayed will then be of biblical proportions. Full-on recession anyone?
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Comments
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It's going to be tight but I suspect so.0
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I personally don't think they should, which so means they will >.<0
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a cut....I feel like we are being punished for being responsible savers. Made me more angry than I thought it would. 0 -
Don't think they should, but they will by .25. It's already 'priced in' anyhow*
*GBP/USD 2.0276BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
I too think it will be a close one this month.
Last month I thought they'd hold and they did, this month I have no idea!
They'd be mad to cut IMHO0 -
Just before Christmas...
I think they will hold and then a reduction next year. Else it will appear that the economy isn't under control. Also it prepares peoples expectations, so next year when they cut the message will be be 'we have cut the rate but the decision wasn't taken lightly'0 -
anyone know what time the announcement is made?
I think a cut will be extremely damaging in the long run, but I suspect they will bow to the external pressures and cut.
JB0 -
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free4440273 wrote: »Don't think they should, but they will by .25. It's already 'priced in' anyhow*
*GBP/USD 2.0276
...and 2008 might just be the year of the financial economic 'reset'. But maybe I'm just a pessimist (realist?) :rolleyes:BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!
THE KILLERS :cool:
THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:0 -
I think the announcement is made by midday.
A rate cut would be a disaster for food and oil prices also, as most of this we import.
A rate cut would sink the pound even more making our imports (food and power) more expensive, just before Xmas. You might save some money on your mortgage but might be paying out a lot more.
I say no to a rate cut. If anything they should raise it, but definatly hold it.
I think they might just bow down to Nu-Labour and their Economy of Debt™0
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