Rate predictions 2022, 2023

baldeagle09

Daily Mail and The Times both predicting 0.5% rises in base rate next month.

https://www.thisismoney.co.uk/money/markets/article-11113723/Bank-England-set-deliver-0-5-rate-hike-month.html#newcomment

I would forecast a 0.5% rise in total for remaining 2 MPC meetings this year. Obviously hard to predict 2023 but I expect inflation to still be a major factor next year. Base rates maybe 3.75 - 4.00% by end of 2023.

BoE predict a peak of 3% in 3rd qr 2023 falling to 2.2% in 3rd qr 2024

Bigwheels1111

baldeagle09 said:

Daily Mail and The Times both predicting 0.5% rises in base rate next month.

https://www.thisismoney.co.uk/money/markets/article-11113723/Bank-England-set-deliver-0-5-rate-hike-month.html#newcomment

I would forecast a 0.5% rise in total for remaining 2 MPC meetings this year. Obviously hard to predict 2023 but I expect inflation to still be a major factor next year. Base rates maybe 3.75 - 4.00% by end of 2023.

BoE predict a peak of 3% in 3rd qr 2023 falling to 2.2% in 3rd qr 2024

I believe the Boe will sit 3 more times this year. So maybe 0.75%.

TonyTeacake

By the end of 2023 interest rates will be between 7-10%. Even if we have a really bad recession which I think we will, high inflation is going to be still here.

Alistair31

TonyTeacake said:

By the end of 2023 interest rates will be between 7-10%. Even if we have a really bad recession which I think we will, high inflation is going to be still here.

Are you taking bets on that?

TonyTeacake

Type_45 said:

ChilliBob said:

I'd be delighted if it was 7%!

You wouldn't be because the economy would collapse.

The economy is going to collapse anyhow, inflation will take care of this one. Raising interest rates much earlier would of meant a lot of pain, but less pain in comparison to the damage of having inflation totally out of control.

pearl123

TonyTeacake said:

By the end of 2023 interest rates will be between 7-10%. Even if we have a really bad recession which I think we will, high inflation is going to be still here.

I'd be suprised if it reached that high.

TonyTeacake

Alistair31 said:

TonyTeacake said:

By the end of 2023 interest rates will be between 7-10%. Even if we have a really bad recession which I think we will, high inflation is going to be still here.

Are you taking bets on that?

Yes I am. I said at the beginning of the year inflation will get totally out of control and rates will go up, most people disagreed and said no way, just look how it has all changed.

I believe this rampant inflation is only just getting started and will be with us for most of this decade.

Alistair31

TonyTeacake said:

Alistair31 said:

TonyTeacake said:

By the end of 2023 interest rates will be between 7-10%. Even if we have a really bad recession which I think we will, high inflation is going to be still here.

Are you taking bets on that?

Yes I am. I said at the beginning of the year inflation will get totally out of control and rates will go up, most people disagreed and said no way, just look how it has all changed.

I believe this rampant inflation is only just getting started and will be with us for most of this decade.

£50 to charity? (Help for Heroes?)

You pay up if the BoE base rate is <7% on 31st December 23 and I pay if it is >=7%. 

How about that? 

Prism

TonyTeacake said:

Alistair31 said:

TonyTeacake said:

By the end of 2023 interest rates will be between 7-10%. Even if we have a really bad recession which I think we will, high inflation is going to be still here.

Are you taking bets on that?

Yes I am. I said at the beginning of the year inflation will get totally out of control and rates will go up, most people disagreed and said no way, just look how it has all changed.

I believe this rampant inflation is only just getting started and will be with us for most of this decade.

For that to happen wages will need to go up by a similar amount. Do you think that will happen? So far it seems the only way to achieve an inflation meeting wage increase is to change job.

2010

TonyTeacake said:

By the end of 2023 interest rates will be between 7-10%. Even if we have a really bad recession which I think we will, high inflation is going to be still here.

They should be at that now.
Andrew Bailey asleep at the wheel, Boris Johnson not even in the car.
Truss, Sunak taking their driving test.
What a shower.