After today’s inflation figures – they’d be barking; which means that there is a fair chance.
“Ah, but most of the inflation is in non-core items and they are less affected by interest rates”, I hear some say. True, but most of these items are imported and so foreign exchange rates are important here. Cutting rates would weaken Sterling and push inflation up even further.
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Reply to: Bank Rate to go lower
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Previously on "Bank Rate to go lower"
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Makes no difference to borrows, that rate is only going to go up.
Savers will lose out of course, they always do.
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Originally posted by MrRobin View PostYes indeed. It was expected that if it was held at 5% this month (it was) then next month it would be reduced by 0.25%. Now that today the CPI inflation figure is out and has gone up to 3%, they probably won't... perhaps even increase it... eek!
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Originally posted by basshead View PostIt is true you heard that on the radio.
HTH
With inflation increasing a base rate decrease is less likely.
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It is true you heard that on the radio.
HTH
With inflation increasing a base rate decrease is less likely.
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Bank Rate to go lower
Is it true i heard on the radio that the Bank Of England are thinking of dropping their rate again !!!!
This is ace as my tracker offset mortgage means i'm paying the same but knocking months off my mortgage.
Of course won't benefit for another 23 years but still.....Tags: None
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