Caporegime
BoE are clearly waiting for the US to jump first
Yep. Unless there is a huge improvement on inflation in our numbers they will keep tracking the US.
BoE are clearly waiting for the US to jump first
Not sure how you guys are taking that view. Looks to me more likely after today the BoE will cut before the fed now.
Doubt much more, but August looks likely for BoE now. As bailey said in the press conference after “There’s no law that the Fed must move first,”.Yeah. Maybe by 0.25. Doubt they would go down much more unless the US does first. At least from my crude understanding of things.
I really don't see where people keep thinking the rates are coming down. This rate is normal, maybe even a bit low when compared to pre 2008 rates.
People are still buying things, house prices are going up in some places and everywhere I go for take away is pretty busy. People still have money and are spending it and those businesses that aren't running on credit, that would go bankrupt anyway, are doing pretty well.
Some people may be struggling, and I feel bad for those that are, but unless everyone is out paying for things on a credit card then I dare say I'm not seeing this myself.
I'm going with 0.25% as a predictionThey will come down imo, 0.5% by end of year.
PossiblyThey will come down imo, 0.5% by end of year.
More likelyI'm going with 0.25% as a prediction
I agree. And hope!I'm going with 0.25% as a prediction
Yeah. Maybe by 0.25. Doubt they would go down much more unless the US does first. At least from my crude understanding of things.
It's not just consumers being impacted though.I really don't see where people keep thinking the rates are coming down. This rate is normal, maybe even a bit low when compared to pre 2008 rates.
People are still buying things, house prices are going up in some places and everywhere I go for take away is pretty busy. People still have money and are spending it and those businesses that aren't running on credit, that would go bankrupt anyway, are doing pretty well.
Some people may be struggling, and I feel bad for those that are, but unless everyone is out paying for things on a credit card then I dare say I'm not seeing this myself.
I think it's more down to easy/cheap credit...
before interest rates was low, people would prefer to spend than save.. a lot of people including the government was living their lifestyle on credit.
now that interest rates are high, it's much more costly to "maintain" their lifestyle. 0% purchase/balance transfer cards have short periods and lower credit limits... there's lot less cash floating around.
In my hillbilly village, it's quite common to see people posting about free items then a week or two later ask if anyone is free to do their hair or nails... I'm not hard up, but I still cut my own hair and nails! Best thing about lockdown was that it stopped me having £40 pounds haircuts and the £65 trimmer that I got is still going strong.
I think it's more down to easy/cheap credit...
before interest rates was low, people would prefer to spend than save.. a lot of people including the government was living their lifestyle on credit.
now that interest rates are high, it's much more costly to "maintain" their lifestyle. 0% purchase/balance transfer cards have short periods and lower credit limits... there's lot less cash floating around.
In my hillbilly village, it's quite common to see people posting about free items then a week or two later ask if anyone is free to do their hair or nails... I'm not hard up, but I still cut my own hair and nails! Best thing about lockdown was that it stopped me having £40 pounds haircuts and the £65 trimmer that I got is still going strong.