The Top Fixed Interest Savings Discussion Area

subjecttocontract

I seem to remember the IMF lost credibility with some after failing to get anything right !

sazandy25

Can df capital be joint account?

mongoose2009

TiVo_Lad said:

Millyonare said:

A wild guess says the official UK inflation print will fall tomorrow to 7-9% (from 10-11%) and this will catalyze a fall in savings rates by perhaps 0.1-0.5%.

Rising inflation = rising savings rates.
Falling inflation = falling savings rates.

The IMF has said today that they expect the UK to avoid recession in 2023 with inflation remaining "stubbornly high", requiring interest rates to stay higher for longer. They're also predicting inflation won't return to 2% until mid-2025. It's a prediction, not a guarantee, but it suggests there's still some uncertainty out there about not only the extent of inflation, but also the longevity.

IMF?

hahahahahaha have they ever been right about anything ever?

total captured by the globalists

normally best to think the opposite of anything they say and youll be closer to the truth

bristolleedsfan

Millyonare said:

A wild guess says the official UK inflation print will fall tomorrow to 7-9% (from 10-11%) 

Not really a wild guess, you have provided a wide range  which actual inflation figure is quite likely to fall within.

7.5-8.5%. I think is quite possible.   

S_uk

SmartSave 1 year fix 5.00% (min £10k)

VNX

And 4.97% on smartsave 2year 

RedImp_2

Millyonare said:

A wild guess says the official UK inflation print will fall tomorrow to 7-9% (from 10-11%) and this will catalyze a fall in savings rates by perhaps 0.1-0.5%.

Rising inflation = rising savings rates.
Falling inflation = falling savings rates.

Do we think that a one month fall in inflation will make the BOE to start reversing interest rate rises they only implemented a month ago?

VNX

RedImp_2 said:

Millyonare said:

A wild guess says the official UK inflation print will fall tomorrow to 7-9% (from 10-11%) and this will catalyze a fall in savings rates by perhaps 0.1-0.5%.

Rising inflation = rising savings rates.
Falling inflation = falling savings rates.

Do we think that a one month fall in inflation will make the BOE to start reversing interest rate rises they only implemented a month ago?

They won’t be reversed it’s just whether they stay as they are or how long until another .25 rise will come it would take quite unexpected and consistent falls in inflation for rates t8 c9me down again, they will but not for a while 

bristolleedsfan

RedImp_2 said:

Millyonare said:

A wild guess says the official UK inflation print will fall tomorrow to 7-9% (from 10-11%) and this will catalyze a fall in savings rates by perhaps 0.1-0.5%.

Rising inflation = rising savings rates.
Falling inflation = falling savings rates.

Do we think that a one month fall in inflation will make the BOE to start reversing interest rate rises they only implemented a month ago?

If Inflation rate falls more than City/Economists expectations it is possible might send signal to markets, might cause reduction in fixed rates and visa vera.

VNX

[Deleted User] said:

RedImp_2 said:

Millyonare said:

A wild guess says the official UK inflation print will fall tomorrow to 7-9% (from 10-11%) and this will catalyze a fall in savings rates by perhaps 0.1-0.5%.

Rising inflation = rising savings rates.
Falling inflation = falling savings rates.

Do we think that a one month fall in inflation will make the BOE to start reversing interest rate rises they only implemented a month ago?

Not unless they want inflation to rise again.  Interest rates needs to be doubled to bring down inflation to the 2% target.  

Rates need to be 9%+ for what is primarily cost-push inflation?