POLL: Will The B.O.E Raise Rates This Month?

[HPC Pollster]

Fed chair Jerome Powell who’s spent months arguing that the pandemic surge in inflation was largely due to transitory forces, told Congress on Tuesday 30th Nov:

that it’s “probably a good time to retire that word.”

If YES, comment below by how much

If NO, comment below as to why

[TheCountOfNowhere]

I've voted no.

The self serving bankers will continue to serve themselves.

Look at what Erdogan is going in Turkey, rich psychos who own a fortune in assets dont care about the currency.

 

[danlee74]

Because they feel that they can't.

[14stFlyer]

No. Because they will find some excuse not to, even though it is obvious that they should be if adhering to their mandated 2% inflation target. 

[skinnylattej]

No interest rate rises before the spring, as need the spring bounce in the housing market.

Any rises will be miniscule, and follow the government mantra, as with COVID measures: TLTL.

Too little, too late.

Trash the currency, save the housing market.

 

[sammersmith]

I voted no.

I suspect they're happy that Omicron has given them a fresh excuse not to do it for a few more meetings. It makes the narrative less repetitive than the usual spiel of waiting for another jobs report or whatever. 

[rantnrave]

No - Omicron variant has given them the excuse they were searching for.

[Bruce Banner]

Given his stated views on Christmas Covid restrictions, I would be very surprised if BJ would allow a rate increase this month. Not that you can tell what's really on his mind.

[henry the king]

Literally a 0% chance given Omicron. Any excuse they will take. 100 reasons to raise rates? Nah, we have 1 reason not to.

[scottbeard]

I think they might put them back to 0.25%, but not sure whether that will be Dec, Jan or Feb.

[iamnumerate]

43 minutes ago, 14stFlyer said:

No. Because they will find some excuse not to, even though it is obvious that they should be if adhering to their mandated 2% inflation target. 

+1

 

[simon99]

I thought it would take longer than a few days to find an excuse not to raise rates but it was gifted to them. No MPC meeting in January, so February at the earliest. Plenty of time to find more excuses between now and then.

Edited December 1, 2021 by simon99

[zugzwang]

I voted yes. To re-establish their, ahem, independence.

[Flat Bear]

2 minutes ago, zugzwang said:

I voted yes. To re-establish their, ahem, independence.

I voted yes for much the same reason

A 0.15 increase to 0.25% Which wont actually mean very much in reality but will make a statement.

[HomeAlone2]

No, mainly because I think they're scared to. 

[scottbeard]

8 minutes ago, Flat Bear said:

I voted yes for much the same reason

A 0.15 increase to 0.25% Which wont actually mean very much in reality but will make a statement.

That's essentially why I voted yes.  I think they need to be seen to be doing something, but don't actually want to do something, so a 0.25% rise in the next month or two is a good way to be seen to be acting whilst in practice making a negligible difference to anything.

[Huggy]

0.25%, only because it's Christmas.

[Smiley George]

Of course they bloody won't.

Flipping spivs!

[winkie]

Voted yes, a nice round number 0.25%.......who knows when will get to a whole one?

[msi]

They won't raise rates until wages start going up across the board - can't have the masses getting more money until it's worthless

[mbc]

No

many reasons 

but to summarise

 

current situation is unstable 

doing nothing leads to more of the same criticism they have had for years and they are quite numb to it. Half the public support the decision to hold rates.

 

if they do something they will face new and different criticism and they will face it from both sides. Those who say they shouldn’t have raised rates and those who say they should have raised them by a greater amount. 

 

[Mikhail Liebenstein]

4 hours ago, rantnrave said:

No - Omicron variant has given them the excuse they were searching for.

Me too, Boris is happy to use Omicron as air cover for Brexit and his perceived slow response to the original pandemic. Needless to say, BoJo will overreact this time around.

[winkie]

They don't raise rates in December......it's Christmas.

[Pmax2020]

No. December is the easiest month of the year for them to just hide behind the same, tired old rhetoric. 

[Price doubt]

Voted no. They get away with all talk and no action (until they can't), and they'll keep pumping while they can. I literally look at them as treasonous and the longer this goes on the uglier the resolution will be.