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Are we expecting the BOE Base Rate to drop to 4% on 7th August?

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  • movilogo
    movilogo Posts: 3,235 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Yes, I also think rate may go down in May. The inflation is down and due to clowns on both sides of the pond, there will be big impact on economy. So to stimulate growth, BoE needs to show they are trying to kick start the economy. Lower borrowing rate should help with that.
    Happiness is buying an item and then not checking its price after a month to discover it was reduced further.
  • Strummer22
    Strummer22 Posts: 712 Forumite
    Ninth Anniversary 500 Posts Name Dropper Combo Breaker
    movilogo said:
    The inflation is down and due to clowns on both sides of the pond, there will be big impact on economy. 
    The inflation is down and due to clowns on both sides of the pond, inflation will probably go back up again.  
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    movilogo said:
    Yes, I also think rate may go down in May. The inflation is down and due to clowns on both sides of the pond, there will be big impact on economy. So to stimulate growth, BoE needs to show they are trying to kick start the economy. Lower borrowing rate should help with that.
    With the April bill rises, inflation is only going one way!
  • Hoenir
    Hoenir Posts: 7,742 Forumite
    1,000 Posts First Anniversary Name Dropper
    edited 2 April at 1:59PM
    RelievedSheff said:
    movilogo said:
    Yes, I also think rate may go down in May. The inflation is down and due to clowns on both sides of the pond, there will be big impact on economy. So to stimulate growth, BoE needs to show they are trying to kick start the economy. Lower borrowing rate should help with that.
    With the April bill rises, inflation is only going one way!
    Minimum Wage increasing. Employer National Insurance increasing. 
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    Hoenir said:
    RelievedSheff said:
    movilogo said:
    Yes, I also think rate may go down in May. The inflation is down and due to clowns on both sides of the pond, there will be big impact on economy. So to stimulate growth, BoE needs to show they are trying to kick start the economy. Lower borrowing rate should help with that.
    With the April bill rises, inflation is only going one way!
    Minimum Wage increasing. Employer National Insurance increasing. 
    Prices of anything imported increasing.
  • Strummer22
    Strummer22 Posts: 712 Forumite
    Ninth Anniversary 500 Posts Name Dropper Combo Breaker
    RelievedSheff said:
    Hoenir said:
    RelievedSheff said:
    movilogo said:
    Yes, I also think rate may go down in May. The inflation is down and due to clowns on both sides of the pond, there will be big impact on economy. So to stimulate growth, BoE needs to show they are trying to kick start the economy. Lower borrowing rate should help with that.
    With the April bill rises, inflation is only going one way!
    Minimum Wage increasing. Employer National Insurance increasing. 
    Prices of anything imported increasing.
    If they can't sell to the USA maybe they'll sell it to us on the cheap?
  • devansuk
    devansuk Posts: 26 Forumite
    Second Anniversary 10 Posts
    Will the base rate drop with all this tariff business going on?
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    devansuk said:
    Will the base rate drop with all this tariff business going on?
    Unlikely I should say. More likely they will leave rates as they are and wait and see what happens.
  • Hoenir
    Hoenir Posts: 7,742 Forumite
    1,000 Posts First Anniversary Name Dropper
    RelievedSheff said:
    Hoenir said:
    RelievedSheff said:
    movilogo said:
    Yes, I also think rate may go down in May. The inflation is down and due to clowns on both sides of the pond, there will be big impact on economy. So to stimulate growth, BoE needs to show they are trying to kick start the economy. Lower borrowing rate should help with that.
    With the April bill rises, inflation is only going one way!
    Minimum Wage increasing. Employer National Insurance increasing. 
    Prices of anything imported increasing.
    Depends upon the exchange rate. 
  • Hoenir
    Hoenir Posts: 7,742 Forumite
    1,000 Posts First Anniversary Name Dropper
    edited 4 April at 12:54PM
    devansuk said:
    Will the base rate drop with all this tariff business going on?
    Inflation will remain the priority target for the BOE. Reducing interest rates has no particularly bearing on exported goods. 
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