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Are we expecting BOE to remain at 4.75% on 8th February 2025?
Comments
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Interest rates likely to fall to pre-Covid levels, IMF predicts
Interest rates in major economies are expected to fall in the future because of low productivity and ageing populations, according to a forecast.
The International Monetary Fund (IMF) says increases in borrowing costs are likely to be "temporary" once high inflation is brought under control.
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Meanwhile yields across the curve continue to rise....
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 -
Not great news with the inflation figures today, remaining just above 10%. It seems food price inflation is the main cause.
I expect the base rate to go up to 4.5% next month although I'm not sure how that helps with food price inflation.0 -
They said rates might start to fall towards christmas.0
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Market expects another +75bps hike by November.
Latest GBP yield curve this morning:
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 -
BoE needs to kill the demand for money which too many in the UK seem to think is how to live their lives; i.e. borrow money.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 -
There are going to be some very difficult conversations within the UK mortgage providers in the next few days.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 -
Quote from a mortgage broker: "Following the most recent rate rise, one leading lender, offering a five-year fixed rate of 6.14% for borrowing at 90%, announced that the stress rate it was now going to use had risen to 10.39%."
That's before today's inflation numbers.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 -
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 -
That's nothing new.lojo1000 said:Quote from a mortgage broker: "Following the most recent rate rise, one leading lender, offering a five-year fixed rate of 6.14% for borrowing at 90%, announced that the stress rate it was now going to use had risen to 10.39%."
That's before today's inflation numbers.
Stress testing of around +4% (or more) above the agreed interest rate has been around for years now.0
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