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Economics

24 watchers

GlennR Dec 2022 1:41pm, 14 Dec 2022 66,980 posts	Quote Pin GlennR Forecast peak of 4.5%, according to the FT.
lammo Dec 2022 2:41pm, 14 Dec 2022 11,726 posts	Quote Pin lammo Blimey, thanks Glenners, thats another 3 big rises yet to come then
Merry Christmas & Happy New G(rrr) Dec 2022 3:32pm, 14 Dec 2022 45,038 posts	Quote Pin Merry Christmas & Happy New G(rrr) Our mortgage rate is 5.5% now (tracker). I guess it's going to at least 7% then if BoE base rate going up from 3% to 4.5% over next few months? Eek! G
lammo Dec 2022 4:00pm, 14 Dec 2022 11,727 posts	Quote Pin lammo Surely that should be :-(G Unhappy G
GlennR Dec 2022 12:11pm, 15 Dec 2022 66,998 posts	Quote Pin GlennR Oh well, there we are.
lammo Dec 2022 3:48pm, 15 Dec 2022 11,729 posts	Quote Pin lammo Indeed, not much Christmas cheer there
lammo Feb 2023 8:03am, 2 Feb 2023 11,793 posts	Quote Pin lammo Morning all, it's that time again. General consensus seems to be another 50bps. Given the Fed announcement yesterday, might they go for 25bps? I would
HappyG(rrr) Feb 2023 8:52am, 2 Feb 2023 45,447 posts	Quote Pin HappyG(rrr) I think they've set expectation of 0.5 again. It's getting tougher.
GlennR Feb 2023 9:20am, 2 Feb 2023 68,052 posts	Quote Pin GlennR No idea here. A rise is not needed to control inflation, but may be necessary to protect the value of the pound.
GlennR Feb 2023 9:24am, 2 Feb 2023 68,055 posts	Quote Pin GlennR A snippet from the Times: "But expectations are that the Bank will soon stop raising interest rates is bringing down the cost of fixed-rate loans. The average five-year fixed-rate mortgage was 5.2 per cent on January 31, according to the data provider Moneyfacts, down from 5.63 per cent at the start of January and 6.32 per cent at the start of December. The cheapest fixed mortgage deal available, a 10-year fix from Virgin Money, starts at 3.99 per cent. A few months ago, the cheapest deals were above 5 per cent."

About This Thread

Maintained by lammo

Interest rates are bound to go up, aren't they?

bbc.co.uk

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