Base interest rates

[SandyD]

Not sure if this is the correct sub-forum, but its part of business...

So what is your prediction for base interest rates? Would it rise?
Inflation and unemployment is at its highest.

[SarahL2012]

I was looking at the 5 year fixed and variable mortgage rates the other day (need to move house) & there really wasn't much difference - which implies the building societies & banks don't predict much movement.

[northernladuk]

KUATB Please

[SandyD]

Thanks NLUK

[northernladuk]

I was looking at the 5 year fixed and variable mortgage rates the other day (need to move house) & there really wasn't much difference - which implies the building societies & banks don't predict much movement.

But the buggers are happy to increase the rate the add to the base rate regularly and even mid contract ala Bank of Ireland increasing rate to existing borrows.

[SandyD]

But the buggers are happy to increase the rate the add to the base rate regularly and even mid contract ala Bank of Ireland increasing rate to existing borrows.

You always find the silver lining.

I thought BOI is in a lot of trouble and paid some of their customers to leave them, however recently the Post Office launched mortgages are provided by BOI, finding this strange.

[hgllgh]

ifthe BofE/UK gov get their way they wont rise for years asthey want to inflate away all their ridiculous debts they have run up through an oversized public sector.

It is possible that rates will be forced up by a loss of investor confidence in Uk Gilts/Bonds due to the UK gov worstening debt problem. The ratings agency downgrade of UK could be the beginning of this process

[northernladuk]

ifthe BofE/UK gov get their way they wont rise for years asthey want to inflate away all their ridiculous debts they have run up through an oversized public sector.

It is possible that rates will be forced up by a loss of investor confidence in Uk Gilts/Bonds due to the UK gov worstening debt problem. The ratings agency downgrade of UK could be the beginning of this process

Is this a grammar/spelling test for us???

Any advance of 6 errors?

[kingcook]

Is this a grammar/spelling test for us???

Any advance of 6 errors?

Does that include their name?

[northernladuk]

Does that include their name?

No, or the fact his sig link doesn't seem to show anything interesting to me either