MrTrigger Posted March 23, 2011 Share Posted March 23, 2011 .......... Link to comment Share on other sites More sharing options...
Rupert_Baehr Posted March 23, 2011 Share Posted March 23, 2011 Interest rates are set by the Bank of England, not by the Chancellor of the Exchequer. They've nothing to do with the budget. Link to comment Share on other sites More sharing options...
MrTrigger Posted March 23, 2011 Author Share Posted March 23, 2011 Alright then let me rephrase. Following George Osbournes budget today I believe that interest rates will rise, would anyone like to predict by what amount? Link to comment Share on other sites More sharing options...
Rupert_Baehr Posted March 23, 2011 Share Posted March 23, 2011 Which of the measures in George Osbourne's budget leads you to believe that interest rates will rise? How did you get a preview of the budget? Link to comment Share on other sites More sharing options...
Vague_Boy Posted March 23, 2011 Share Posted March 23, 2011 Alright then let me rephrase. Following George Osbournes budget today I believe that interest rates will rise, would anyone like to predict by what amount? With all the current inflation stats looking a bit grim, they may increase rates by a token 0.25% at some point within the next 3 or 4 months. The MPC meets monthly for a two-day meeting, usually on the Wednesday and Thursday after the first Monday of each month, so April's meeting should be interesting. The March vote was 6-3 in favour of holding IRS at record lows (link). Given that even CPI inflation is more than double their 2% target and that they have repeatedly missed this target for the last 10 years, don't expect swift, decisive action to deal with inflation any time soon. Mervyn King unconcerned at inflation above target Anyone who has followed Merv's pronouncements will know that inflation is always going to fall back to 2% "in a year" or "in 18 months". And yet, years later, here we are. Link to comment Share on other sites More sharing options...
Mecky Posted March 23, 2011 Share Posted March 23, 2011 You mean in reaction to the budget? I don't think there'll be one today, later this week ... maybe Link to comment Share on other sites More sharing options...
MrTrigger Posted March 23, 2011 Author Share Posted March 23, 2011 I don't think it will even take place this week but thought it might be around 1.5% in May. Link to comment Share on other sites More sharing options...
truman Posted March 23, 2011 Share Posted March 23, 2011 I don't think it will even take place this week but thought it might be around 1.5% in May. You think they'll increase Base rate by that much in one go? Link to comment Share on other sites More sharing options...
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