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Are we expecting BOE to remain at 4.75% on 8th February 2025?
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Independence and transparency is a better model than political meddling.lojo1000 said:
2 clear reasons why the BoE should not have control of base rates.Hoenir said:Remember BOE looks at data that forecasts into the future. Changes to interest rates take 18 months to have a meaningfull impact on the real economy.0 -
No-one should have control of base rates, leave them as they are.Hoenir said:
Independence and transparency is a better model than political meddling.lojo1000 said:
2 clear reasons why the BoE should not have control of base rates.Hoenir said:Remember BOE looks at data that forecasts into the future. Changes to interest rates take 18 months to have a meaningfull impact on the real economy.
Everyone has a vested interest and members of MPC do not act in any way better than politicians. Politicians want re-election, MPC members want to suit their own personal interests.
If you think the MPC acts in the best interests of the people then you must either believe they are really bad at their job (GFC, rampant inflation, etc) or they are helpless in the face of global monetary influences. Either way, the MPC is useless and does more harm (by adding to uncertainty over where rates are going) than good.
Leave rates where they are. Let markets price yield, credit and labour.To solve inequality and failing productivity, cap leverage allowed to be used in property transactions. This lowers the ROI on housing, reduces monetary demand for housing, reduces house prices bringing them more into line with wage growth as opposed to debt expansion.
Reduce stamp duty on new builds and increase stamp duty on pre-existing property.
No-one should have control of setting interest rates since it only adds to uncertainty. Let the markets price yields, credit and labour.0 -
Well they've been cut today.lojo1000 said:
No-one should have control of base rates, leave them as they are.Hoenir said:
Independence and transparency is a better model than political meddling.lojo1000 said:
2 clear reasons why the BoE should not have control of base rates.Hoenir said:Remember BOE looks at data that forecasts into the future. Changes to interest rates take 18 months to have a meaningfull impact on the real economy.1 -
Might as well just keep my payments as they are so a little overpaymentHoenir said:
Well they've been cut today.lojo1000 said:
No-one should have control of base rates, leave them as they are.Hoenir said:
Independence and transparency is a better model than political meddling.lojo1000 said:
2 clear reasons why the BoE should not have control of base rates.Hoenir said:Remember BOE looks at data that forecasts into the future. Changes to interest rates take 18 months to have a meaningfull impact on the real economy.1 -
Good old fashioned money saving.Johnny-Cage said:
Might as well just keep my payments as they are so a little overpaymentHoenir said:
Well they've been cut today.lojo1000 said:
No-one should have control of base rates, leave them as they are.Hoenir said:
Independence and transparency is a better model than political meddling.lojo1000 said:
2 clear reasons why the BoE should not have control of base rates.Hoenir said:Remember BOE looks at data that forecasts into the future. Changes to interest rates take 18 months to have a meaningfull impact on the real economy.1 -
Great news, hopefully more drops on the horizon.0
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Why?Woshi said:Great news, hopefully more drops on the horizon.
What is 'bad' about where the base rate is now, and what 'great' thing would happen if it dropped further?
Is this just "I want my mortgage payment to be smaller"?0 -
Take it you’re mortgage freeBarelySentientAI said:
Why?Woshi said:Great news, hopefully more drops on the horizon.
What is 'bad' about where the base rate is now, and what 'great' thing would happen if it dropped further?
Is this just "I want my mortgage payment to be smaller"?1 -
For my own circumstances, I'm pleased it has come down 0.25% with my remortgage due at the end of September. Hopefully it filters down quickly to the bank rates.
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No, but I don't believe that my personal circumstances determine what is "great news" for the economy or otherwise.Johnny-Cage said:
Take it you’re mortgage freeBarelySentientAI said:
Why?Woshi said:Great news, hopefully more drops on the horizon.
What is 'bad' about where the base rate is now, and what 'great' thing would happen if it dropped further?
Is this just "I want my mortgage payment to be smaller"?0
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