Where will base rate go in May?

Stubod

..I think the chances are 33.3% they will go down, 33.3% they will go up, and 33.3% they will remain the same..I could be wrong, but it's what I am putting all my money on....

Hoenir

As long as QT chugs away. Then actual real borrowing costs will remain elevated. 

Bostonerimus1

Who can know that stuff?! Just concentrate on what you can control...me I'm decluttering to make a move from the US to the UK easier and looking at houses on rightmove.co.uk.

boingy

I predict that inflation will stubbornly remain a bit higher than expected but that there will be massive political pressure on the bank to make a small cut in rates. Whether they do so or not is not clear in my crystal ball.

Only one more cut this year would be my best guess.

mebu60

Bostonerimus1 said:

Who can know that stuff?! Just concentrate on what you can control...me I'm decluttering to make a move from the US to the UK easier and looking at houses on rightmove.co.uk.

Any particular area of the UK? I would not recommend Boston! (other parts of Lincolnshire are available and some are quite lovely). 

UKX69

Before the banks went down in 2008, inflation was ticking along around the 3.5% mark which was what rate watchers considered the Goldilocks level. Since then, it’s been artificially manoeuvred into different levels to suit government policy. There are people out there who would not remember or even know what economics were like at that time. With things trying to get back to more ‘normal’ times, I think we can say goodbye to 2% base rate and accept a more realistic 3 - 3.5 level until the next shock.

Bostonerimus1

mebu60 said:

Bostonerimus1 said:

Who can know that stuff?! Just concentrate on what you can control...me I'm decluttering to make a move from the US to the UK easier and looking at houses on rightmove.co.uk.

Any particular area of the UK? I would not recommend Boston! (other parts of Lincolnshire are available and some are quite lovely). 

Ha! yes I've visited Boston, great church and a nice looking town, but it's not on my list. I have family in Lancashire and the West Highlands so I'm looking at Scottish Borders.

HillStreetBlues

ranciduk said:

One expert today expects just one more cut this year

probably in August 

I think it will go down in bits and pieces.

allegro120

With Inflation looking almost certain to reach 4% in the coming months, there is a worry that the 2% target is looking less likely to transpire anytime soon. There's a good chance that they will hold the rate on 8th May.

poolboy

My investment trust shares are a fair reflection of what the market thinks will happen to interest rates.  Cty yield 4.5% at current prices, if the yield falls that's the market pricing in future interest rate cut.