Originally posted by jamesbrown
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It's been sitting at above +50% from early 2020 for around 2yrs, so it's all good
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It’s all good nowOriginally posted by dsc View Post
It's been sitting at above +50% from early 2020 for around 2yrs, so it's all good
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UK inflation fall throws BoE a curveball before rates decision
Some big decisions to be made tomorrow by the Bank of England's Monetary Policy Committee.
Full story here:
https://www.reuters.com/world/uk/uk-...st-2023-09-20/Comment
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As you were:
Bank rate maintained at 5.25% - September 2023
Full story here - https://www.bankofengland.co.uk/mone...september-2023Comment
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If the Tories call a snap Autumn election, the rate will drop by 1%"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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5 to pause 4 to raise. Coin toss.
If there is a raise next meeting then Bailey needs to go.Comment
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Currently predicted to be next Spring.Originally posted by Paddy View Post"You’re just a bad memory who doesn’t know when to go away" JRComment
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So Bailey didn't raise rates in part because the market didn't expect it. Yet also says that rates are forecasted to be 1.9-2% end of 2025. The market is pricing end of 2025 rate at 4.5%...Comment
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Rates held at 5.25 with 6 votes. 3 dissenters voting for increase. (It was 5 for hold and 4 for increase last meeting).
Economic growth prediction reduced. BoE now predicting that the economy will not grow next year and dismissed any notion of lowering rates.
Tories are even more screwed then they already were.
Market seems to be predicting 5.25% until Q3 2024. Then lowering to 4.25% by end of 2026!Last edited by JustKeepSwimming; 2 November 2023, 12:49.Comment
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