Poll - What do YOU THINK the MPC should do on 7th Feb?

wolvoman

We have a poll asking what we think the MPC will do with base rates tomorrow, but as it seems some people ignore the question and just vote what they would like to happen tomorrow, I thought I'd give them a place to show that.

Running_Horse

Bring us into line with Europe and the USA.

There is no reason we need higher interest rates in this country.

alared

Running_Horse wrote: »

There is no reason we need higher interest rates in this country.

We need to control inflation but more importantly we need to make people (at long last) face up to their debts.

If they`ve bitten off more than they can chew

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so be it.
I don`t see why the BoE should encourage further debt by cutting rates.

In reality though,they will take the easy way out to appease everyone and cut by .25%.

Paul_Herring

Hey... what happened to the increase by 0.75% or more option?

wolvoman

Paul_Herring wrote: »

Hey... what happened to the increase by 0.75% or more option?

There is an option for 0.5% or more.
And the fact that we're in a rate cutting part of the IR cycle means the downside pressure is probably greater than the upside pressure.

dannyboycey

As it's what i think they 'should' do, I voted for a +0.5%

What will they actually do? Whatever Gordon tells them to as usual (prob another drop, small chance of a hold).

LuciferTDark

What would an increase of 25% do?

dannyboycey

LuciferTDark wrote: »

What would an increase of 25% do?

Go some way in stopping inflation going further out of control and make people realise they have to face up to their debts and stop borrowing. It would also help to speed up the inevitable.

It would also benefit those hard working people who actually save money (yes we do exist) - Because at the moment, the government are taking the p*** out of us big time.

Running_Horse

alared wrote: »

we need to make people (at long last) face up to their debts.

I didn't realise this was within the remit of the BofE. Perhaps they can all come out on the pavement when raising interest rates and wag their fingers in disapproval.

Paul_Herring

wolvoman wrote: »

There is an option for 0.5% or more.

It was just the unequalness of the + and - that bothered me - and an option to separate the 0.5%ers and the 0.5%+ers, as it were.

And the fact that we're in a rate cutting part of the IR cycle means the downside pressure is probably greater than the upside pressure.

That has nothing to do with the question on this poll - it asked what did we want the BoE to do, not what do we think it will do.

dannyboycey

Running_Horse wrote: »

I didn't realise this was within the remit of the BofE. Perhaps they can all come out on the pavement when raising interest rates and wag their fingers in disapproval.

Are they not supposed to keep inflation in check? Does cheap, irresponsible lending to people with less than perfect crdit scores help, whilst punishing hard working savers?