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Interest Rates - Hold Or Cut?


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Just been watching some expert on Sky business and he's saying that there may be a cut soon, but no surprise tommorow. They are expecting a cut in February.

I ask then what? It seems to me that they have just been tinkering around the edges for the last two years. A quarter percent rise/fall/hold/rise...on and on and on. All this is doing is prolonging the stagnant housing market that we are in, most parts of the country, apart from the far North.

They are just prolonging the misery that we all know is coming, and the longer the drip, drip happens of failing business's the harder the crash will be. <_<

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Guest Fiddlesticks

It seems to me that they have just been tinkering around the edges for the last two years. A quarter percent rise/fall/hold/rise...on and on and on. All this is doing is prolonging the stagnant housing market that we are in, most parts of the country, apart from the far North.

Understandable frustration. However, house prices are not the main consideration when the BoE sets rates, but a "soft landing" is certainly something they would prefer to a HPC.

They are just prolonging the misery that we all know is coming, and the longer the drip, drip happens of failing business's the harder the crash will be. <_<

These are not sentiments which are widely held outside this website, and there doesn't seem to be any evidence that the members of the MPC share them.

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Don’t kid yourselves it all Hangs of inflated house prices as this provides the confidence/excuse people need to borrow so that the economy is propped up by 8% of GDP.

House price crash will not just effect builders but every part of the economy and the BoE knows this and that’s why they are bricking themselves just like TTRTR & Co

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Just been watching some expert on Sky business and he's saying that there may be a cut soon, but no surprise tommorow. They are expecting a cut in February.

I ask then what? It seems to me that they have just been tinkering around the edges for the last two years. A quarter percent rise/fall/hold/rise...on and on and on. All this is doing is prolonging the stagnant housing market that we are in, most parts of the country, apart from the far North.

They are just prolonging the misery that we all know is coming, and the longer the drip, drip happens of failing business's the harder the crash will be. <_<

Think it will be a cut tomorrow, with all the recent gloom over xmas, job losses & another cut next month

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I think it's still a little uncertain where IRs are heading, I think inflation is getting far higher than reported and the number of people complaining about increasing costs is getting more and more.

I'm just deciding whether I should put my cash ISA back into a fixed rate, I don't think I will as I would only get 0.15% more. I also don't think its worth the risk that rates will go down.

Oh, and my Dad thinks rates will go up! But he's not an amateur economist like me!!! :blink:

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