Slimline Posted July 10, 2018 Report Share Posted July 10, 2018 More chance of waking up next to a 10/10 sober. There will be a shadow rate eventually, but the official one won't move. Quote Link to post Share on other sites
longgone Posted July 10, 2018 Report Share Posted July 10, 2018 4 hours ago, zilly said: Government doesn't control IRs...BoE has been independent since 1997. ? Quote Link to post Share on other sites
SavingBear Posted July 10, 2018 Report Share Posted July 10, 2018 I expect. 1.Lots of the usual hype and waffle before 2. No increase, (5-4 vote) 3. More hype and waffle to follow spouting crap about the increase that really is coming soon....... honest! 4. Go to 1 Quote Link to post Share on other sites
TheCountOfNowhere Posted July 10, 2018 Report Share Posted July 10, 2018 I'll stick my head above the parapet and say, we're definitely getting an August rise Quote Link to post Share on other sites
Drummer Posted July 10, 2018 Report Share Posted July 10, 2018 It's a NO from me! Quote Link to post Share on other sites
warrior88 Posted July 10, 2018 Report Share Posted July 10, 2018 Does anybody know how to bet on interest rates? I sense a money making opportunity. Quote Link to post Share on other sites
Drummer Posted July 11, 2018 Report Share Posted July 11, 2018 10 hours ago, warrior88 said: Does anybody know how to bet on interest rates? Yeah  BTL Quote Link to post Share on other sites
spyguy Posted July 11, 2018 Report Share Posted July 11, 2018 Theyve got to. They need at least 0.5% above the Fed to stop the pound falling. The fall in the pound did fux all to UK exports. Quote Link to post Share on other sites
warrior88 Posted July 12, 2018 Report Share Posted July 12, 2018 On 11/07/2018 at 11:41, spyguy said: Theyve got to. They need at least 0.5% above the Fed to stop the pound falling. The fall in the pound did fux all to UK exports. Not until inflation is unbearable - so right now no reason to increase the rate. Quote Link to post Share on other sites
kibuc Posted July 12, 2018 Report Share Posted July 12, 2018 I think they will. Carney cares about his image more than anything in the world, and right now it doesn't look good for him. He cried wolf too many times before. Quote Link to post Share on other sites
OzzMosiz Posted July 12, 2018 Report Share Posted July 12, 2018 Hope not, I've got a remortgage to do in September :) Quote Link to post Share on other sites
North London Rent Girl Posted July 13, 2018 Report Share Posted July 13, 2018 On 10/07/2018 at 22:20, TheCountOfNowhere said: I'll stick my head above the parapet and say, we're definitely getting an August rise That's brave. Didn't Canada just raise theirs? Yes they did, to the dizzy heights of 1.5%. I've very nearly given up hope of that vile pillock ever putting the rate up but surely he can't hold out forever when we're seeing these consistent rises across the pond? It inches up the odds for me to a 20% yes he will have to against 80% no never he doesn't even blinking know how. Quote Link to post Share on other sites
GeneCernan Posted July 13, 2018 Report Share Posted July 13, 2018 On 11/07/2018 at 00:13, warrior88 said: Does anybody know how to bet on interest rates? I sense a money making opportunity. You can do it on Betfair. Quote Link to post Share on other sites
maffo in oxford Posted July 13, 2018 Report Share Posted July 13, 2018 Unlikely, more chance of a cut imo. Quote Link to post Share on other sites
Funn3r Posted July 13, 2018 Report Share Posted July 13, 2018 Heard a lot of talk about 10-year fixed rate mortgages recently. An interest rate rise with the hint of more to come would be ideal to drive the sheep into buying those. Quote Link to post Share on other sites
sisyphal Posted July 13, 2018 Report Share Posted July 13, 2018 41 minutes ago, Funn3r said: Heard a lot of talk about 10-year fixed rate mortgages recently. An interest rate rise with the hint of more to come would be ideal to drive the sheep into buying those. That'll be me, Baaa. 2 year fixes are 1.85% (ish), so a 10 year fix at 2.48% was my choice of poison. May turn out to be a bad idea, maybe not. I did it based off the back of rising US interest rates and also took guidance from DB's thread. Maybe there won't be too much of an upside in the next few years, but it will hopefully offer protection against bad things in the last 5 years of the term. Quote Link to post Share on other sites
Funn3r Posted July 13, 2018 Report Share Posted July 13, 2018 2 minutes ago, sisyphal said: I did it based off the back of rising US interest rates and also took guidance from DB's thread. Maybe there won't be too much of an upside in the next few years, but it will hopefully offer protection against bad things in the last 5 years of the term. I hope it works out for you! If I read DB correctly he was forecasting falling interest rates in a crash (which would be against you) but straightaway a rise leading to double-digit inflation and rates in the early 2020s ish (fantastic for you.) The "sheep" problem is not the mortgage fix itself it is the fact that if someone takes a new one out now it implies they are buying a house at the top of the market. A young couple I know socially have just FTB'd and if things crash as we all expect/hope then they will be seriously underwater for years. At the moment the banks seem desperate to sell any kind of mortgage fixed or not I get regular pleading emails from a broker I was with once. Quote Link to post Share on other sites
locky82 Posted July 13, 2018 Report Share Posted July 13, 2018 I seriously tempted to jump on the 10 year fixed. Mines a whole 1.04% more expensive tho, which is £110 a month. Do I believe Carney or not? ?  Quote Link to post Share on other sites
longgone Posted July 13, 2018 Report Share Posted July 13, 2018 42 minutes ago, Funn3r said: I hope it works out for you! If I read DB correctly he was forecasting falling interest rates in a crash (which would be against you) but straightaway a rise leading to double-digit inflation and rates in the early 2020s ish (fantastic for you.) The "sheep" problem is not the mortgage fix itself it is the fact that if someone takes a new one out now it implies they are buying a house at the top of the market. A young couple I know socially have just FTB'd and if things crash as we all expect/hope then they will be seriously underwater for years. At the moment the banks seem desperate to sell any kind of mortgage fixed or not I get regular pleading emails from a broker I was with once. drop housing by half and interest rate on mortgages to 10 year fixed at 0.51% simple. Quote Link to post Share on other sites
sisyphal Posted July 13, 2018 Report Share Posted July 13, 2018 54 minutes ago, Funn3r said: I hope it works out for you! If I read DB correctly he was forecasting falling interest rates in a crash (which would be against you) but straightaway a rise leading to double-digit inflation and rates in the early 2020s ish (fantastic for you.) The "sheep" problem is not the mortgage fix itself it is the fact that if someone takes a new one out now it implies they are buying a house at the top of the market. A young couple I know socially have just FTB'd and if things crash as we all expect/hope then they will be seriously underwater for years. At the moment the banks seem desperate to sell any kind of mortgage fixed or not I get regular pleading emails from a broker I was with once. Yep, that was DB's prediction, thought you were a regular on there too. You're right about banks and TPB pushing them though (hope I've not walked into a trap!). I set mine in motion a few months back, but just did did a search on google news and it's interesting: https://news.google.com/search?q=10 year fixed rate&hl=en-GB&gl=GB&ceid=GB%3Aen Lots of coordinated press. Pushing 10 year fixed mortgages from the government backed banks (Lloyds/Halifax). It's suspicious.  Quote Link to post Share on other sites
locky82 Posted July 13, 2018 Report Share Posted July 13, 2018 (edited) https://www.google.co.uk/amp/s/amp.theguardian.com/business/2018/jul/13/bank-of-england-deputy-urges-caution-interest-rate-rise-jon-cunliffe  cant see Carney needing too much convincing Edited July 13, 2018 by locky82 Quote Link to post Share on other sites
whome_yesyou Posted July 13, 2018 Report Share Posted July 13, 2018 Same story every time. During meeting or shortly after the decision to hold, broadcast strong signs of an imminent rise. Purely to stop the pound tanking. Couple of weekly ahead of the meeting, there will be one naysayer strongly advising against rising. To soften the blow of it not rising. Rinse and repeat. With half-hearted warnings of the high level of household debt inbetween. Quote Link to post Share on other sites
Si1 Posted July 14, 2018 Report Share Posted July 14, 2018 No chance. A flee was observed breaking wind in Arbroath which is considered rather deflationary for the flea market industry so a new round of QE will be announced. Quote Link to post Share on other sites
maverick73 Posted July 14, 2018 Report Share Posted July 14, 2018 They'll all they can not to... including making it look like a close call... similar to Japan's economic modelling... keep pumping money... one trick pony economics... Quantitive Easing.... short run economics  is being expanded to normal economic theory... Quote Link to post Share on other sites
spyguy Posted July 15, 2018 Report Share Posted July 15, 2018 On 14/07/2018 at 19:03, maverick73 said: They'll all they can not to... including making it look like a close call... similar to Japan's economic modelling... keep pumping money... one trick pony economics... Quantitive Easing.... short run economics  is being expanded to normal economic theory... Japan exports loads. All its debt is held by Japanese. Uk is not Japan. Quote Link to post Share on other sites
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