Bank of England Base rate & other news

[Martin@AS Financial]

Not directly BOE related but interesting to see how the US has dealt with inflation.

"Fed likely to hold rates steady one last time as inflation fight finale unfolds"

https://www.reuters.com/markets/rate...ds-2024-07-29/

[Paddy]

Not directly BOE related but interesting to see how the US has dealt with inflation.

"Fed likely to hold rates steady one last time as inflation fight finale unfolds"

https://www.reuters.com/markets/rate...ds-2024-07-29/

I can imagine the overpaid under educated BoE thinking, we can’t be seen making a mistake so we will wait a see what the Fed will do.

[willendure]

I can imagine the overpaid under educated BoE thinking, we can’t be seen making a mistake so we will wait a see what the Fed will do.

Doesn't really work like that.

Its more a case of, if we cut under the fed, then capital will flow out of the UK into the USA. So I bet we will not cut and instead wait until the Fed does. The fed is the 800 pound gorilla in this game.

[SueEllen]

Huh?

5% from 5.25%

https://www.theguardian.com/business...08a0af63bb3a6c

5 to 4 vote
https://www.bbc.co.uk/news/live/cx92...965fb7a34#post

[jamesbrown]

Huh?

5% from 5.25%

https://www.theguardian.com/business...08a0af63bb3a6c

5 to 4 vote
https://www.bbc.co.uk/news/live/cx92...965fb7a34#post

Bang in line with market expectations...

[Martin@AS Financial]

Full report and minutes here from the BOE:


https://www.bankofengland.co.uk/-/me...ugust-2024.pdf

The most telling paragraph is:

"Monetary policy will need to continue to remain restrictive for sufficiently long until the risks to inflation returning sustainably to the 2% target in the medium term have dissipated further. The Committee continues to monitor closely the risks of inflation persistence and will decide the appropriate degree of monetary policy restrictiveness at each meeting."

[northernladuk]

Can someone tell me in plain English, will my house price go up?

[WTFH]

Can someone tell me in plain English, will my house price go up?

No, but if you move out, the neighbours' houses will go up in price.

[northernladuk]

No, but if you move out, the neighbours' houses will go up in price.

Dats a bit racist isn't it?

[PCTNN]

Can someone tell me in plain English, will my house price go up?

yes