[Politics] Interest Rate Review Thursday

[WATFORD zero]

With BOE reviewing interest rates Thursday, what do you think will happen ?

 

[portslade seagull]

Up a quarter percent

 

[Is it PotG?]

Miniscule rise imho. 0.25%?

 

[ManOfSussex]

 

[Beach Hut]

Be very surprised if no rate rise given inflation going upwards.

A big shock to quite a few if they do as many think current interest rate is normal of which it is definitely not.

Some of us mortgage veterans remember Lamont sang in the bath the night he put up interest rates to 15% !

 

[Is it PotG?]

 

[WATFORD zero]

Be very surprised if no rate rise given inflation going upwards.

A big shock to quite a few if they do as many think current interest rate is normal of which it is definitely not.

Some of us mortgage veterans remember Lamont sang in the bath the night he put up interest rates to 15% !

Still have nightmares - not the 15%, Lamont in the bath !

 

[studio150]

Up slightly and immediately high street borrowing rates up but a lag on saving rates

 

[Beach Hut]

Up slightly and immediately high street borrowing rates up but a lag on saving rates

For sure they will take ages to adjust savings rate

 

[Napier]

Be very surprised if no rate rise given inflation going upwards.

A big shock to quite a few if they do as many think current interest rate is normal of which it is definitely not.

Some of us mortgage veterans remember Lamont sang in the bath the night he put up interest rates to 15% !

I remember those days too. Late 1980s/early 90s.

 

[Napier]

Up slightly and immediately high street borrowing rates up but a lag on saving rates

Call me cynical, but will the savings rates actually be put up at all? And if they are, will it be by the full amount?

 

[LamieRobertson]

Be very surprised if no rate rise given inflation going upwards.

A big shock to quite a few if they do as many think current interest rate is normal of which it is definitely not.

Some of us mortgage veterans remember Lamont sang in the bath the night he put up interest rates to 15% !

Ah 3% in one day if I remember correctly...all to do with the exchange rate mechanism and the link to the old Deutsche Mark

 

[Deleted member 22389]

Be very surprised if no rate rise given inflation going upwards.

A big shock to quite a few if they do as many think current interest rate is normal of which it is definitely not.

Some of us mortgage veterans remember Lamont sang in the bath the night he put up interest rates to 15% !

Being a saver was great.

 

[drew]

Call me cynical, but will the savings rates actually be put up at all? And if they are, will it be by the full amount?

That is purely down to the banks. Suspect it will be a long time before there are any really good interest rates to tempt savers.

 

[portslade seagull]

Up slightly and immediately high street borrowing rates up but a lag on saving rates

Some things never change. They need to squeeze us as much as possible before upping the savings rates

 

[Titanic]

Miniscule rise imho. 0.25%?

Miniscule?? When was the last time base rates were DOUBLED in one fell swoop?

 

[jakarta]

Miniscule?? When was the last time base rates were DOUBLED in one fell swoop?

https://www.youtube.com/watch?v=aNUr__-VZeQ

 

[Captain Sensible]

I think they might keep it the same this time but with another heavy warning about rising. Then the next time rise a quarter. I can see then at least another rise in early next year.

 

[Giraffe]

One they start increasing they will never stop. There must be some house owners who have never experienced the panic of rising interest rates. Will be interesting to see the fall out if they start shifting upwards.

 

[LamieRobertson]

]Once they start increasing they will never stop[/B]. There must be some house owners who have never experienced the panic of rising interest rates. Will be interesting to see the fall out if they start shifting upwards.

Questionable