Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Reuters: Mpc Will Begin Hikes According To More Economists

Recommended Posts

http://today.reuters.co.uk/news/newsarticl...ANK.xml&src=rss

LONDON (Reuters) - Official interest rates look almost certain to remain on hold for a ninth successive month on Thursday but a
growing minority of analysts is predicting the next move in borrowing costs will be up, not down.
Hopes for lower rates after last August's hotly-debated quarter point cut have evaporated in financial markets and most economists now expect the Bank of England's Monetary Policy Committee to leave rates at 4.5 percent for the rest of this year.
Only one of the 45 economists polled by Reuters last week predicted the MPC will cut on Thursday -- she is at lobbyists the Confederation of British Industry -- and a small minority still expect another cut although
that pool is shrinking
.

The economic cycle cannot be beaten. Al and his protege', Gordon, tried to beat it after 9/11 and caused worldwide assett bubbles (including housing). Now the imbalances must correct themselves by higher rates than would have been necessary had recession come when it was due. Mix in the pressure on rates from Asia and you have the makings of the biggest IR storm in recent memory.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.