Will UK interest rates rise next week?

bd10

masonic said:

Sg28 said:

I also read Speculation that a bigger increase is planned and they didn't want this to be announced so close to the queens death. Hence the postponement. But thats probably nonsense.

Yes, a bigger increase is widely viewed as disrespectful to mourners

Or if they hike too sharpishly, then we'll have lots more mourners.

I reckon plus 75bp.

Krakkkers

Trying to figure out if we will see a 4% fixed rate savings deal this year.

Sg28

aroominyork said:

What does the market think? What rise is already built into the price of short/medium dated gilts?

I read a few days ago 0.75% was the most likely. But cant remember where I read it

MA260

It was predicted to be 0.50% but i would expect it to be 0.75%. One week less between meeting dates so more likely they would do more next week and not do anything else until November 

B0bbyEwing

Wheres_My_Cashback said:

Krakkkers said:

If so by how much.

Ask the BoE, they know, but nobody here does!

Boooooooooooooo!!!!!!!!!

Always one spoilsport.

Play the game. They're still deciding the prize. May be a good un.

t1redmonkey

Krakkkers said:

Trying to figure out if we will see a 4% fixed rate savings deal this year.

Probably, but maybe only on a 4 or 5 year fix.  We’re close to 4% already on some of them.

Bobziz

MisterMotivated said:

I estimate they'll round it up to 3.14%

Be sensible, that's clearly pi in the sky... 

Daliah

t1redmonkey said:

Krakkkers said:

Trying to figure out if we will see a 4% fixed rate savings deal this year.

Probably, but maybe only on a 4 or 5 year fix.  We’re close to 4% already on some of them.

Santander currently has a 1-year ISA 3%, 2 years 3.25%. Assuming the PSA has been used up, that's equivalent to 3.75% / 4.06% for BR tax payers, 5% / 5.4% for HR ones. Obviously limited to £20k if it's new money. Still miles from inflation......

hoc

Bailey and team are useless, I doubt they would ever do anything more than 50bp.

Apodemus

Bobziz said:

MisterMotivated said:

I estimate they'll round it up to 3.14%

Be sensible, that's clearly pi in the sky... 

Yes, but we might do better if Archimedes was on the MPC!