TheCountOfNowhere Posted October 12, 2017 Report Share Posted October 12, 2017 I predicted a rate rise before Christmas. I wont believe it till I see it tho. I suspect Carney's sat in a vault in the BoE rubbing the latest Halifax index saying "my precious". Whatever happens, dont feel to gollum. Quote Link to post Share on other sites
GoingLoco Posted October 12, 2017 Report Share Posted October 12, 2017 You appear to have spelled 'cut' incorrectly. Quote Link to post Share on other sites
london_thirtythree Posted October 12, 2017 Report Share Posted October 12, 2017 If they don't, will kick the beezus out of the Pound - as think most have priced the 0.25% raise in. Quote Link to post Share on other sites
Simhadri Posted October 12, 2017 Report Share Posted October 12, 2017 Barking dog won't bite. Carney won't raise rates this year unless he got enlightened. Quote Link to post Share on other sites
subspace Posted October 12, 2017 Report Share Posted October 12, 2017 We've been here time and again. I'll believe it when I see it. Quote Link to post Share on other sites
rantnrave Posted October 12, 2017 Report Share Posted October 12, 2017 Any raise is correcting the mistake of the 0.25% cut last year, that's all. For me, it's raises after that reversal which are significant. Raising to 0.75% is of greater importance in terms of the message it sends IMO. It's whether they can sustain that and move up to 1% rather than back down again to 0.5% which is the most significant however. That may not happen in my lifetime... Quote Link to post Share on other sites
winkie Posted October 12, 2017 Report Share Posted October 12, 2017 If they do what will 0.025% or 0.1% do to anything in the scheme of things for most of us.....wow extra £2.50 pa on savings.... Quote Link to post Share on other sites
Slimline Posted October 12, 2017 Report Share Posted October 12, 2017 Two mins, just need to pop outside and feed my pet unicorn Quote Link to post Share on other sites
TheCountOfNowhere Posted October 12, 2017 Author Report Share Posted October 12, 2017 15 minutes ago, subspace said: We've been here time and again. I'll believe it when I see it. Not quite here. I think this time they are serious. I still wont believe it till I see it. Quote Link to post Share on other sites
TheCountOfNowhere Posted October 12, 2017 Author Report Share Posted October 12, 2017 12 minutes ago, rantnrave said: Any raise is correcting the mistake of the 0.25% cut last year, that's all. For me, it's raises after that reversal which are significant. Raising to 0.75% is of greater importance in terms of the message it sends IMO. It's whether they can sustain that and move up to 1% rather than back down again to 0.5% which is the most significant however. That may not happen in my lifetime... Fed said today, they are continuing with their normalization. The BoE will be forced to follow ( I'd expect it's all been planned ), rates will rise. Quote Link to post Share on other sites
Monkey Posted October 12, 2017 Report Share Posted October 12, 2017 (edited) March rise, they can say they did it this financial year, but too late to have any real effect on the ecconomy before the 2017/2018 books close Edited October 12, 2017 by Monkey Quote Link to post Share on other sites
J1mb0 Posted October 12, 2017 Report Share Posted October 12, 2017 The only way it could happen is if they pump benefits 10% and raise the tax threshold 10%. Otherwise, what is left of the economy will implode into inflationary depression. There could also be serious unrest - scenes here like those seen in Catalan could tip civil society over the edge. Quote Link to post Share on other sites
Broken biscuit Posted October 12, 2017 Report Share Posted October 12, 2017 8 minutes ago, TheCountOfNowhere said: Not quite here. I think this time they are serious. I still wont believe it till I see it. No. They're just getting better at lying - practise makes perfect. Quote Link to post Share on other sites
TheCountOfNowhere Posted October 12, 2017 Author Report Share Posted October 12, 2017 6 minutes ago, Broken biscuit said: No. They're just getting better at lying - practise makes perfect. No one believes them. No one. How is that getting better ? They're openly being mocked. Quote Link to post Share on other sites
Arpeggio Posted October 12, 2017 Report Share Posted October 12, 2017 45 minutes ago, GoingLoco said: You appear to have spelled 'cut' incorrectly. You mean spelled as "raise"? Nice one. Quote Link to post Share on other sites
tomandlu Posted October 12, 2017 Report Share Posted October 12, 2017 4 minutes ago, TheCountOfNowhere said: No one believes them. No one. How is that getting better ? They're openly being mocked. I posted this elsewhere, but my son is doing an apprenticeship at Bloomberg. They gave it a 30% chance of happening (or something like that) and the markets reacted accordingly. I asked why? Why does anyone believe him? The only reason he says it is to get the market reaction he gets. He said, they don't really - if they did they'd have given it 80%.* Anyway, I'm voting no. * in fairness, there were some externalities that factored in as well to the 30% Quote Link to post Share on other sites
TheCountOfNowhere Posted October 12, 2017 Author Report Share Posted October 12, 2017 6 minutes ago, Arpeggio said: You mean spelled as "raise"? Nice one. If anyone thinks they will cut rates then they are seriously deluded. The end game is afoot, have you not been reading the news. Quote Link to post Share on other sites
spyguy Posted October 12, 2017 Report Share Posted October 12, 2017 Thee fall in the pound has not resulted in a flood of export. Just imported inflation. The importing of ~6M EE has not turned the UK into a budget surplus employment machine. Just raised the cost of housing, stretched services and increase the budget deficit. Try raising rates. Nothing to be lost. Honest. Try kicking the EE tax creditors out and scrapping tax credits - watch the budget deficit swing ti surplus and the productivty shoot up (no more 16h hand car washrs, dog walkers, Pret a Mange onsite sndwich makers etc etc etc). Quote Link to post Share on other sites
Funn3r Posted October 12, 2017 Report Share Posted October 12, 2017 (edited) 8 minutes ago, spyguy said: Try kicking the EE tax creditors out Agree with everything except that. Just stop the tax credits I don't care what nationality it makes no difference, English, Welsh, Latvian, Chinese, just stop the tax credits 16 hours nailbar culture. And clean out the VAT fraudsters. Edited October 12, 2017 by Funn3r Forgot the VAT fraud Quote Link to post Share on other sites
Monkey Posted October 12, 2017 Report Share Posted October 12, 2017 (edited) 18 minutes ago, tomandlu said: I posted this elsewhere, but my son is doing an apprenticeship at Bloomberg. They gave it a 30% chance of happening (or something like that) and the markets reacted accordingly. I asked why? Why does anyone believe him? The only reason he says it is to get the market reaction he gets. He said, they don't really - if they did they'd have given it 80%.* Anyway, I'm voting no. * in fairness, there were some externalities that factored in as well to the 30% https://www.bloomberg.com/news/articles/2017-10-10/carney-rate-hike-signals-something-ailing-in-the-u-k-economy Quote There’s a near 90 percent chance of a 25-basis-point increase on Nov. 2, according to market pricing, I know its not neccessarily Bloombergs view, its their interpretation of the markets view Edited October 12, 2017 by Monkey Quote Link to post Share on other sites
adarmo Posted October 12, 2017 Report Share Posted October 12, 2017 Either unchanged or a cut to 0.125% Quote Link to post Share on other sites
tomandlu Posted October 12, 2017 Report Share Posted October 12, 2017 12 minutes ago, Monkey said: https://www.bloomberg.com/news/articles/2017-10-10/carney-rate-hike-signals-something-ailing-in-the-u-k-economy I know its not neccessarily Bloombergs view, its their interpretation of the markets view That sounds more accurate than my rather garbled translation. However, I gather it's something of a feedback loop - everyone's looking at everyone else... Quote Link to post Share on other sites
Doner Kebab Posted October 12, 2017 Report Share Posted October 12, 2017 Call me deluded but I actually think they will this time Quote Link to post Share on other sites
TheCountOfNowhere Posted October 12, 2017 Author Report Share Posted October 12, 2017 4 minutes ago, Sperm Donor said: Call me deluded but I actually think they will this time Best ever first post Quote Link to post Share on other sites
Broken biscuit Posted October 12, 2017 Report Share Posted October 12, 2017 9 minutes ago, Sperm Donor said: Call me deluded but I actually think they will this time Oh, come now - don't put yourself down. Quote Link to post Share on other sites
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