Next BoE move on rates

[AtW]

Drop to zero to punish those old gits who had the temerity to vote leave.

Yup, pensioners and savers will be punished

[Old Greg]

Drop to zero to punish those old gits who had the temerity to vote leave.

Make 5p coins even more small and fiddly.

[unemployed]

put them up let it crash

then get back to normal.

[jamesbrown]

negative interest rates are on the way

Highly unlikely in a UK context, as several on the MPC have indicated recently. There's very little evidence that negative rates would work in a UK context, because banks are less likely to transmit this to the real economy. They'll go big on QE way before they consider that.

[jamesbrown]

Almost certainly down, with the caveat that all bets are off in the event of a Sterling crisis. There's no evidence of that yet, but it's early days. Cable would need to drop deep into the 1.2s to make them think twice about a rate cut. History suggests that Sterling crises don't last long before a sharp correction. The BoE will be aiming to look through anything but the most severe and sustained fall.

[barrydidit]

Drop to zero to punish those old gits who had the temerity to vote leave.

[scooterscot]

negative interest rates are on the way

[eek]

The next move is downwards - as it delays the inevitable that much longer....

[AtW]

Vote in this new Referendum !