Are we expecting BOE to remain at 4.75% on 8th February 2025?

RelievedSheff

Inflation has fallen according to the latest figures but that isn't going to mean a cut in interest rates tomorrow. They will remain as they are this month and at the next meeting as well.

Hoenir

RelievedSheff said:

Inflation has fallen according to the latest figures but that isn't going to mean a cut in interest rates tomorrow. They will remain as they are this month and at the next meeting as well.

Inflation has fallen in line with forecasts. UK isn't the outlier it's portrayed to be. Once all factors are taken into account. Services inflation is still above 5% that's an area where the BOE will be watching closely. 

ReadySteadyPop

RelievedSheff said:

Inflation has fallen according to the latest figures but that isn't going to mean a cut in interest rates tomorrow. They will remain as they are this month and at the next meeting as well.

 I think they are going to cut 0.25%, only to keep the public belief in debt consumption alive, then be forced to hike harder as geopolitical stress forces inflation up further.

lojo1000

ReadySteadyPop said:

RelievedSheff said:

Inflation has fallen according to the latest figures but that isn't going to mean a cut in interest rates tomorrow. They will remain as they are this month and at the next meeting as well.

 I think they are going to cut 0.25%, only to keep the public belief in debt consumption alive, then be forced to hike harder as geopolitical stress forces inflation up further.

I'm guessing you don't really believe this but the comment is more out of frustration?

I would really like to hear the explanation of those voting for a cut today.

"Economic" journos of the MEDIA: the BoE legal objective is to maintain stable inflation at 2% over the medium term. It is not to appease mortgage holders having a difficult time so please do not ask loaded questions along the lines of:

"the people at home up and down the country have suffered in the cost of living crisis and are asking when you are going to start cutting interest rates?"

"given inflation is at the 2% target, are you not cutting interest rates because you think it will look politically motivated?"

Let's remember we have unemployment near record lows and real wage inflation growth. Don't spoil it by trying to juice the economy by encouraging even more debt and further inflation.

MeteredOut

lojo1000 said:

ReadySteadyPop said:

RelievedSheff said:

Inflation has fallen according to the latest figures but that isn't going to mean a cut in interest rates tomorrow. They will remain as they are this month and at the next meeting as well.

 I think they are going to cut 0.25%, only to keep the public belief in debt consumption alive, then be forced to hike harder as geopolitical stress forces inflation up further.

I'm guessing you don't really believe this but the comment is more out of frustration?

I would really like to hear the explanation of those voting for a cut today.

"Economic" journos of the MEDIA: the BoE legal objective is to maintain stable inflation at 2% over the medium term. It is not to appease mortgage holders having a difficult time so please do not ask loaded questions along the lines of:

"the hard working families people at home up and down the country have suffered in the cost of living crisis and are asking when you are going to start cutting interest rates?"

"given inflation is at the 2% target, are you not cutting interest rates because you think it will look politically motivated?"

Let's remember we have unemployment near record lows and real wage inflation growth. Don't spoil it by trying to juice the economy by encouraging even more debt and further inflation.

Fixed that for you. It's only hard working families that are impacted according to both politicians and the media.

[Deleted User]

Think staying the same. 

ReadySteadyPop

lojo1000 said:

ReadySteadyPop said:

RelievedSheff said:

Inflation has fallen according to the latest figures but that isn't going to mean a cut in interest rates tomorrow. They will remain as they are this month and at the next meeting as well.

 I think they are going to cut 0.25%, only to keep the public belief in debt consumption alive, then be forced to hike harder as geopolitical stress forces inflation up further.

I'm guessing you don't really believe this but the comment is more out of frustration?

I would really like to hear the explanation of those voting for a cut today.

"Economic" journos of the MEDIA: the BoE legal objective is to maintain stable inflation at 2% over the medium term. It is not to appease mortgage holders having a difficult time so please do not ask loaded questions along the lines of:

"the people at home up and down the country have suffered in the cost of living crisis and are asking when you are going to start cutting interest rates?"

"given inflation is at the 2% target, are you not cutting interest rates because you think it will look politically motivated?"

Let's remember we have unemployment near record lows and real wage inflation growth. Don't spoil it by trying to juice the economy by encouraging even more debt and further inflation.

Frustration at what? The cast at Bloomberg today look a bit frustrated and choked up, perhaps they were hoping for a cut? LOL. Supposedly the call not to cut was "finely balanced" so I`m not far wrong.

ReadySteadyPop

RelievedSheff said:

Inflation has fallen according to the latest figures but that isn't going to mean a cut in interest rates tomorrow. They will remain as they are this month and at the next meeting as well.

Good call.

molerat

No change

https://www.bbc.co.uk/news/live/c033rlenvjet

The Bank of England has held interest rates at 5.25% for the seventh time in a row

ReadySteadyPop

Looks like it was 7 for a hold and 2 to cut so I was far wrong, they seem to be in a holding mood as RS said, surely loads of people are going to put their house buying plans on hold now?