Are we expecting the BOE Base Rate to drop to 3.5% on the 5th February 2026?

IAMIAM

What a shame it didnt drop!

ReadySteadyPop

IAMIAM said:

What a shame it didnt drop!

They know they might be forced to raise soon, they have cut too quickly in my view, there are far too many global inflationary pressures now.

Strummer22

ReadySteadyPop said:

IAMIAM said:

What a shame it didnt drop!

They know they might be forced to raise soon, they have cut too quickly in my view, there are far too many global inflationary pressures now.

They clearly don't read your wisdom on this forum, not a single member of the MPC voted for a hike in the last meeting.

I expect no more cuts this year. Cuts of up to 0.75% over 2026. Headline inflation will look bad until May next year when the April 2025 monthly increase of 1.2% drops out and is replaced by a lower number (unless employers' NI rises steeply again, or something like that). 

ReadySteadyPop

Strummer22 said:

ReadySteadyPop said:

IAMIAM said:

What a shame it didnt drop!

They know they might be forced to raise soon, they have cut too quickly in my view, there are far too many global inflationary pressures now.

They clearly don't read your wisdom on this forum, not a single member of the MPC voted for a hike in the last meeting.

I expect no more cuts this year. Cuts of up to 0.75% over 2026. Headline inflation will look bad until May next year when the April 2025 monthly increase of 1.2% drops out and is replaced by a lower number (unless employers' NI rises steeply again, or something like that). 

They won`t hike unless inflation really takes off, that will be off the back of some future "unexpected" event, at the moment they must be dying to cut but can`t take the chance.

https://www.thisismoney.co.uk/money/markets/article-15134541/High-Street-suffers-worst-run-financial-crash-Retail-sales-slump-twelfth-month-row.html

https://www.bbc.co.uk/news/articles/cx2n4877j7lo

IAMIAM

Very pleased, although expected 

Jemma01

You can't just change the title and the body of the post like that, you need a new thread, most ppl wouldn't notice the old responses (a year old) that don't make sense now that 2025 is nearly ending.

RelievedSheff

I don't think they will cut rates again in February. 

As much as I would love them to and for mortgage rates to follow suit. We currently have a mortgage offer of 4.1% (80% LTV) for a property we are in the process of buying.

Hoping rates might drop a bit between now and completion which is a little way off yet so we can switch product, but we have the 4.1% as a worst case.

BikingBud

Still perhaps