BofE base rate decision at noon

[milanbenes]

keeping them like they are is as good as and just as funny

Milan.

[BrilloPad]

BoE say stick by the looks of it.

They could have had a lauf and put rates up a quarter

[KathyWoolfe]

BoE say stick by the looks of it.

No surprises there then

[Sockpuppet]

BoE say stick by the looks of it.

[bobhope]

Not really making much difference to LIBOR rates though and doesn't really matter so much if all the 100% mortgages have been withdrawn

[NoddY]

I heard they are going to try a US style fix and cut 2% of today bringing BOE down to 3.25% you heard it here first.

It's entirely possible. Debasing the value of currency is one of the 'solutions' to the UK's debt problem. However, inflation begets inflation and any cut may lead to a spiral.

[Bumfluff]

I heard they are going to try a US style fix and cut 2% of today bringing BOE down to 3.25% you heard it here first.























Yeah Im tuliping

[sasguru]

Fiddling while Rome burns comes to mind ...

[Lucifer Box]

Agreed, the banks are not reacting to the downward rate moves with regards to the cost of borrowing, some are adjusting savings rates though, both factors only serving to make matters worse.

Well quite. The banks are holding or increasing their lending rates and cutting their saving rates. Any action by the BofE short of a dramatic cut in rates is unlikely to have much immediate affect anyway.

[Bagpuss]

It makes sod all difference if they go up or down a bit.

Agreed, the banks are not reacting to the downward rate moves with regards to the cost of borrowing, some are adjusting savings rates though, both factors only serving to make matters worse.

[rootsnall]

it gives a lot of confidence that they are reacting so agressively in the face of the evolving economic situation

Milan.

They'll slash interest rates hard when they start to panic and not worry about inflation. For now it's fingers crossed that somehow everything will turn out OK.

[milanbenes]

it gives a lot of confidence that they are reacting so agressively in the face of the evolving economic situation

Milan.

[DimPrawn]

It makes sod all difference if they go up or down a bit.

[MrRobin]

Down a bit, please.

[BrilloPad]

http://news.bbc.co.uk/1/hi/business/7280515.stm

Bank set to keep rates at 5.25%

The Bank of England faces slowing growth while prices rise
The Bank of England's rate-setting committee is forecast to keep interest rates at 5.25% later on Thursday, amid growing signs of inflation.
Most analysts are expecting rates to stay on hold after the central bank reduced rates in February by a quarter of a percentage point from 5.5%.

The bank faces the twin threat of a cooling economy while prices rise.


================================================== =======

Now doubt Blaster will be along with some doom to spread around...