rs graham

Who thinks they are going to go down?

rssteve

i garantee they will go down at some stage.

focusv8

They Will go down, and up but not neccessarilly in that order, the same as they have been doing for years.

.

geoffxr4

Think it's generally accepted that they have about peaked now. Shoud be coming down sometime next year....

Hopefully!

S1rst

Who knows? Even experts have been getting it wrong, so its anyones guess really.

Rippers

Nope recon we are set for two years of rises

Dannn

Good!

Ginge !

ha ha ha ha ha ha

its like a doctor telling you " its gonna be EITHER a boy or a girl"



PLEASE tell me you do forcasting for any company that relys on this info


" next year we expect to sell lots of stuff and make targets sometimes,,, and others not"

Ginge !

ps: im with paul ripley

im starting to feel the pinch,,, morgage went up 7 quid this year

broadmoor

imho it will be 6% before xmas

Ginge !

imo it could snow christmas day or it might not this year

FasterFords

with the election coming up, i bet it goes down a little, and then back up after

Chip

iTrader: (3)

I dont think it will come down before xmas, but there will be two .25% drops relatively early in the new year.

geoffxr4

With the threat of a downturn next year i seriously doubt there will be anymore increases, and def not increase for 2 years i'd say as inflation is already falling.

I agree that we'll prob see two 0.25% drops next year. When they come tho are anybody's guess. Some ppl say b4 christmas, some say start of year, others saying towards end of next year.

So cld be anytime really...

geoffxr4

As for the election...

the rates are set independently by Bank of England now-a-days

Chip

iTrader: (3)

ish

Chip

iTrader: (3)

I reckon the first one will be feb and the second one april.

Total speculation, but thats all anyone can do, lol


Im fairly confident it will be two .25% decreases though, that just seems what the economy is saying it needs!

Would be interesting to here porkie etc with their take though, rather than just the opinion of a financial dunce like me, lol

Paul Eggleton

Listening to Radio 4 (and I'm only 31 ) it quoted Mervin King (head of BOE) that inflation is still touch and go and there hasn't been the down turn in spending as anticipated.

Definately no rises this year and as much as I'd like Chip to be right (coz I'm on a variable rate ) I don't think they'll come down as soon as we'd like.

dojj

iTrader: (3)

my onion on the matter is that they have gone up fairly quickly and it's not done what they wanted the rises to do

so now they will be much more cautious in either raising or lowering them

i'm on a variable tracker set as (i think) 0.5% below the boe base rate so it's not been too bad for me, nor should it be in the next 2 years, but i can't see them going up any more than i can see them coming down

in a few months to the run up to xmas people will be getting squeezed so they won't spend as much, which wuld put the boe in the position where they can lower the rate just a tad after xmas to help with the "sales" or keep them as they are and let businesses suffer

Rolls

iTrader: (2)

Agree with Chip - If it wasn;t for the credit crunch, we would have certainly been in the 6's before xmas.... - now, its only going to come, if they move it at all IMO