Sunday, Sep 03, 2006

Economists predict rates on hold for BoE

SKY News: Rates Expected To Stay Put

The Bank of England is expected to leave interest on hold this week after it raised the cost of borrowing last month for the first time in two years. Economists predicted that the Bank's Monetary Policy Committee (MPC) would peg rates at 4.75% at the end of its monthly two-day meeting on Thursday.

Posted by webmaster @ 10:12 PM (458 views)
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9 Comments

1. harold said...

Rates expected to stay put according to David Page, of Investec Securities. Gosh.

Useless tittle-tattle from Sky.

Sunday, September 3, 2006 10:41PM Report Comment
 

2. paul said...

Rates will go up.

No point raising rates in the first place if its not keeping the pressure up.

Sunday, September 3, 2006 11:57PM Report Comment
 

3. Dude said...

Didn't they say that last month?

Monday, September 4, 2006 09:02AM Report Comment
 

4. uncle tom said...

Lest anyone should still be remotely interested in my pearls of wisdom (after last month..)

- Rates do look set fair for a further hike, but probably not just yet. November remains favourite, but only just - my gut instinct is telling me that October is not out of the question..

However, my call this week is:

NO CHANGE

(could I be wrong twice in a row...??)

Monday, September 4, 2006 09:54AM Report Comment
 

5. kpjcomp said...

I wonder if the BOE might be looking at what's happend in the States.
The've being increasing rates month after month, and there still struggling to control inflation.
I think they need to implement more of a shock tactic, 0.25% is not going to shock anyone,. 0.5% might work better.
The bank also knows, it's the coming months that the recent rises in Gas/Electric are going to start kicking in hard.
I'm sure the banks don't want another "Winter of Discontent", were allready starting to see strikes in the news.

Monday, September 4, 2006 11:53AM Report Comment
 

6. Surfgatinho said...

Could go either way
For the past year the BOE have been very much into the wait and see policy. Now they have made their move it seems to have had little or no effect so they might raise. However, the markets have pretty much priced a raise in for Oct/Nov so maybe they will try not to upset anyone

Monday, September 4, 2006 12:14PM Report Comment
 

7. Ticktock said...

Rates should rise, but of course that doesnt mean that they will. I think the BOE will hold so as not to panic everyone with two in a row.

However they do need to go up much further and quite quickly too. Delay will not help anyone in the long run. If they do hold, I wouldnt be suprised to see them forced to make a 0.5% rise very soon, and this would probably spook everyone more than two in a row anyway.

REF- another "Winter of Discontent", were allready starting to see strikes in the news

You ain't seen nothing yet. The 'counter attack' has been straining at the leash for several years now, and only Labour party loyalty has prevented a Union 'Insurgency' against neo-liberal New Labour and the corporate interests that they represent. The time for restraint has now passed. Ryton is just the start.

Monday, September 4, 2006 01:49PM Report Comment
 

8. little professor said...

2 rate hikes in a row will start a real panic amongst the public and industry that we are on an upward escalator. I predict No Change this month, 0.25% rise in October.

Monday, September 4, 2006 07:43PM Report Comment
 

9. Sirgoogle said...

I am usually too early with my predictions....but I estimate a rise in the next month or is really necessary if the next property inflation round is to be avoided in London when the market feels the full force of this year's GBP19Bn of city bonuses - which will trigger another round of stupidity if not nipped in the bud..

Monday, September 4, 2006 09:08PM Report Comment
 

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