Fixed rates if another base rate increase?
For all the talk of the base rate now having peaked, given the 5-4 vote it seems to me that it would only take a small rise in inflation (or perhaps even no change) to tip the decision toward another 0.25% rise at the next decision point. I have an ISA that matures on 10th October so essentially need to decide whether to transfer to another one (or more) fixed rates then - if I felt the rates on offer weren't going to increase further - or otherwise move into easy access in the short term. It looks like a number of rates have dropped since the last BOE decision. If there *were* to be a base rate increase in November what do people think would be the effect on fixed-term isas on offer? Some better offers all round? Or better 1 year fixes, but little or no improvement in longer-term ones? Given the predicted direction of travel over the coming years I'm quite tempted by a 5 or 7 year fix. Taking compounding into account even a small difference in rate (in either direction) of course has greater impact over that kind of time period so I'm keen to be jumping at the right time!
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