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

ReadySteadyPop

Altior said:

Another 10bps higher and MSM seem to be blaming Reeves? Perhaps the VIs are crying for lower taxes but certainly do not want higher interest rates.

Reeves ratcheted up spending and throttled business growth by hiking their costs. An obvious way business handles increased costs is to put their prices up. Of course, 'political' debate is apparently frowned upon, so best not dig into it much, but the apparently independent obr forecast lower growth, specifically based on Reeves' budget policies.  

This is more about yield moves globally, Japan and U.S yields were exhibiting behaviour not seen for decades the other night, the U.K just isn`t well placed to weather the coming storm due to years of financial mismanagement and encouraging people to borrow heavily on cheap debt to make the economy look healthier than it ever was, Reeves might as well be an extra in a play on a very large stage for all the control she has over events unfolding.

MSE_James

Hi all - we've removed a number of off-track posts from this thread, which we have now brought to a close.

We appreciate the desire to discuss the economic context affecting mortgages, savings etc, but there is a thin line between that and more overtly political discussion, which experience shows us rarely goes well.