When do you think the first cut in the BoE interest rate will come?

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What_time_is_it
What_time_is_it Posts: 643 Forumite
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edited 12 April at 10:13AM in Savings & investments

When do you think the first cut in the BoE interest rate will come? 85 votes

9th May
5% 5 votes
20th June
35% 30 votes
1st August
22% 19 votes
19th September
7% 6 votes
7th November
9% 8 votes
19th December
0% 0 votes
There will not be a cut in 2024
17% 15 votes
There will not be a cut in 2024 or 2025
2% 2 votes
«13

Comments

  • What_time_is_it
    What_time_is_it Posts: 643 Forumite
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    MeteredOut said:
    Where's the "rate increase" option? ;)
    Not sure if you are serious!
  • MeteredOut
    MeteredOut Posts: 1,349 Forumite
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    What_time_is_it said:
    MeteredOut said:
    Where's the "rate increase" option? ;)
    Not sure if you are serious!
    Me neither :)
  • subjecttocontract
    subjecttocontract Posts: 1,908 Forumite
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    edited 10 April at 4:47PM
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    MeteredOut said:
    Where's the "rate increase" option? ;)
    I'd put the rate increase at around 3 months after Labour/ Coalition win the GE.
  • boingy
    boingy Posts: 1,336 Forumite
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    And staying on the theme of the election, the rates will be cut one or two meetings before that election.
    Of course, the BoE is independent and non-political so this will be pure coincidence.
  • masonic
    masonic Posts: 23,324 Forumite
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    boingy said:
    And staying on the theme of the election, the rates will be cut one or two meetings before that election.
    Of course, the BoE is independent and non-political so this will be pure coincidence.
    Will there be two meetings before the election?
  • thunderroad88
    thunderroad88 Posts: 40 Forumite
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    I’m more interested in when the Fed will start cutting rates…
  • masonic
    masonic Posts: 23,324 Forumite
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    Parallels to be drawn with the Volcker era...
  • gravel_2
    gravel_2 Posts: 144 Forumite
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    MeteredOut said:
    thunderroad88 said:
    I’m more interested in when the Fed will start cutting rates…
    At the risk of repeating myself, where the "increase" option?

    "Jamie Dimon: Bank boss warns US interest rates could rise to 8%"

    https://www.bbc.co.uk/news/business-68769561
    Have you read beyond the headline? Higher rates are always possible but Dimon seems to only be trying to reassure the market that the bank would withstand rates at that level. He is not predicting that outcome.
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