HPC Pollster

Bank of England Base Rate

Bank of England Base Rate  

263 members have voted

This poll is closed to new votes
  1. 1. What do you predict the Bank of England base rate to be at the end of 2018?

    • .25% or lower
      23
    • .5%
      57
    • .75%
      87
    • 1% or higher
      96


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The base rate matters not, what matters are the mortgage rates.


The FLS/Term Funding is the biggest crime in british history.

 

If this has ended ( albeit with banksters pulling down billions before hand ) then the base rate rises we are about to see will have much less effect than a return to banks acting like banks and having to rely on the public for their money.  Although rate rises could be used to cover up their crime.

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https://uk.reuters.com/article/uk-usa-fed-powell/feds-powell-nods-to-gradual-rate-increases-close-eye-on-inflation-idUKKCN1GB1YI?il=0

 

"Fed policymakers anticipate three rate increases this year, "

That's the gradual rise.  :lol::lol::lol::lol::lol:

i.e.

"Powell gave no indication in prepared remarks to the House Financial Services Committee that the pace needs to quicken "

( I read as...the pace will quicken ).

US rates will be 2%+ by the end of 2018

( a number the trolls thought was no longer possible 12 months ago ).

UK rates will have to follow, so expect 1 - 1.5% at the very least.  At some point UK rates, when carney disappears, will have to go above US rates.

If the US suddenly have to accelerate then I'd expect more.

People have been taken for mugs by the bankers....yet again.

I'd expect UK house prices to start tumbling this year as mortgage rates increase, with 2019 being a bumper year for price falls, esp in London.

Edited by TheCountOfNowhere

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I could see the MPC sticking it's collective head in the sand and ignoring all calls for a rise until it's too late and they have to bounce them by several percent at once.

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4 minutes ago, Diver Dan said:

I could see the MPC sticking it's collective head in the sand and ignoring all calls for a rise until it's too late and they have to bounce them by several percent at once.

That sounds about right.

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6 minutes ago, Diver Dan said:

I could see the MPC sticking it's collective head in the sand and ignoring all calls for a rise until it's too late and they have to bounce them by several percent at once.

No chance.

It's naive in the extreme to think the central bankers and western politicians are not acting in cahoots.

The UK has never been in control of the interest rates.

Regardless of that, the big question is, what will the thieving bankers do regarding more free cash.

IRs is a side issue.

 

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21 minutes ago, TheCountOfNowhere said:

The base rate matters not, what matters are the mortgage rates.


The FLS/Term Funding is the biggest crime in british history.

 

If this has ended ( albeit with banksters pulling down billions before hand ) then the base rate rises we are about to see will have much less effect than a return to banks acting like banks and having to rely on the public for their money.  Although rate rises could be used to cover up their crime.

FLS has ended now.  Could be that a lot of people are worried.  It will be interesting to see what happens.

https://www.property118.com/funding-lending-scheme-ends-banks-building-societies/ 

http://www.mortgagesolutions.co.uk/better-business/2017/08/08/will-market-adapt-end-funding-lending/ 

https://www.express.co.uk/finance/personalfinance/911166/funding-for-lending-scheme-bank-of-england

Of course they could plug the gap by offering better rates to savers.

https://www.theguardian.com/money/2018/jan/25/uk-workers-chronically-broke-study-economic-insecurity

Or not. 

 

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4 minutes ago, Timbuk3 said:

I think broons meeting with the bankers in 2007 might have gone something like this:

Broon: We'll give you 10 years to get your hoose in order then it's return to normal.

Bankers: Yesth thir.

And off they went, fleecing the public for a decade knowing exactly what the plan was. it's a shame the short sighted/stupid/greedy cant see the madness of borrowing to buy houses at ever increasing higher with 0.0% IRs.  

They've convinced themselves they are winners but in effect, all they've done is line the bankers pockets and put themselves in a financial position that will haunt them till the day they die.

 

 

 

Edited by TheCountOfNowhere

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I reckon one more rise around May/June time then nothing else because of a 'weakening economic outlook' with unemployment rising and house prices lowering. Hopefully the £ tanks against the $ and the oil price rises pushing up inflation and forcing more rises in the base rate.

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https://www.cnbc.com/2018/02/27/tom-lee-predicts-10-year-yield-could-be-as-high-as-4-percent-in-18-months.html

"Investors need to realize that the era of falling interest rates is ending, Lee said.

"It's necessary to get off low interest rates," he argued. "The trajectory of interest rates isn't lower anymore. Investors have to price in how wage inflation affects overall inflation.""

 

I said years ago...the US/FED wont give a 2 hoots how much some idiot paid for a flat in London when the time comes.

I hold to that.

 

 

 

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Just now, Sperm Donor said:

I reckon one more rise around May/June time then nothing else because of a 'weakening economic outlook' with unemployment rising and house prices lowering. Hopefully the £ tanks against the $ and the oil price rises pushing up inflation and forcing more rises in the base rate.

You need to understand who's in charge.

We're like the 51st state of the U.S, the one that's most furthest right.....we're a right state.

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1 minute ago, TheCountOfNowhere said:

You need to understand who's in charge.

We're like the 51st state of the U.S, the one that's most furthest right.....we're a right state.

:D I hope you are right Count and the Yanks keep on pushing them up forcing Carney's hand

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21 minutes ago, TheCountOfNowhere said:

Where are all the trolls who were saying next move would be down, not up ?

Are they busy trying to get the stains out their underwear ?

wednesday is washday ;)

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3 minutes ago, Sperm Donor said:

:D I hope you are right Count and the Yanks keep on pushing them up forcing Carney's hand

https://uk.reuters.com/article/us-usa-fed/with-rates-low-fed-officials-fret-over-next-u-s-recession-idUKKCN1G72PI

"With an aging population slowing the economy’s growth potential, the Fed projects it can raise rates only to about 2.75 percent before borrowing costs will really start to brake the economy".

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10 minutes ago, Sperm Donor said:

:D I hope you are right Count and the Yanks keep on pushing them up forcing Carney's hand

It's too late for many on here.

But it will be a pleasure to watch any collapse in  prices.

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6 minutes ago, Mapatasy said:

https://uk.reuters.com/article/us-usa-fed/with-rates-low-fed-officials-fret-over-next-u-s-recession-idUKKCN1G72PI

"With an aging population slowing the economy’s growth potential, the Fed projects it can raise rates only to about 2.75 percent before borrowing costs will really start to brake the economy".

Which means UK rates will head to 3.5/4 %.

1% is probably enough to destroy the bubble.

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6 minutes ago, Mapatasy said:

https://uk.reuters.com/article/us-usa-fed/with-rates-low-fed-officials-fret-over-next-u-s-recession-idUKKCN1G72PI

"With an aging population slowing the economy’s growth potential, the Fed projects it can raise rates only to about 2.75 percent before borrowing costs will really start to brake the economy".

I think they are just pretending that there are x,y,z economic factors when all they are worried about is the potential for massive currency destroying IRs.  If the QE crime is worse than people think they 10%+IRs could be seen.

Stick that it you BTL portfolio pipe.

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3 minutes ago, TheCountOfNowhere said:

Which means UK rates will head to 3.5/4 %.

Time travel back to my 2003 ING direct savings account.  getting all nostalgic now. 

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1 minute ago, TheCountOfNowhere said:

I think they are just pretending that there are x,y,z economic factors when all they are worried about is the potential for massive currency destroying IRs.  If the QE crime is worse than people think they 10%+IRs could be seen.

Stick that it you BTL portfolio pipe.

Emerging markets have borrowed heavily in dollars as well don't forget... an opportunity to asset strip yes but a few big defaults and the ensuing insecurity in the markets could be the catalyst to turn things upside down.

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50 minutes ago, TheCountOfNowhere said:

https://www.cnbc.com/2018/02/27/tom-lee-predicts-10-year-yield-could-be-as-high-as-4-percent-in-18-months.html

"Investors need to realize that the era of falling interest rates is ending, Lee said.

"It's necessary to get off low interest rates," he argued. "The trajectory of interest rates isn't lower anymore. Investors have to price in how wage inflation affects overall inflation.""

 

I said years ago...the US/FED wont give a 2 hoots how much some Chinese  idiot paid for a flat in London when the time comes.

I hold to that.

 

 

 

 

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