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The consensus here seems to be for a base rate rise next month/this year followed by another uptick during the first 3 months next year.
It's just a matter of which news source you read.
People always have a pop at the Motley whenever someone mentions them but other financial reporting outlets are no better, they just seem to have more kudos.
Financial journalist are just making a living whoever they write for.
FOR.
The BoE, facing a rise in inflation, looks set to be the first major central bank to raise interest rates since the beginning of the pandemic.
The pound jumped against the dollar on Monday after BoE governor Andrew Bailey stressed the need to prevent inflation from becoming permanently embedded, and fellow policymaker Michael Saunders said households must brace for "significantly earlier" interest rate rises.
AGAINST.
The Bank of England should not raise interest rates to tackle a surge in inflation caused by higher prices for energy and semi-conductors if it thinks these effects will be short-lived, BoE policymaker Silvana Tenreyro said.
Investors currently expect the BoE to raise interest rates from their current 0.1% before the end of the year, but last month's BoE policy minutes showed officials were split over whether certain pre-conditions for a rate rise had been met.
A reported slowdown of the August GDP data released on Wednesday showed Britain's economy is on course to grow by less in the third quarter than the BoE had forecast.
Who knows? Not even Andrew Bailey, although he probably has a bit more sway, it's all waffle until they vote.
"The consensus here seems to be for a base rate rise next month/this year followed by another uptick during the first 3 months next year."
Personally, I think we will see a base rate rise in 2022, but I doubt it will be significant. The economic impact of riing interest rates would be a nightmare for mortgage holders, and so the ever important house price bubble. Possibly wrong, but I am a massive cynic in that matter.
HSBC and NatWest poised to hike mortgage rates for the equity-rich
https://www.thisismoney.co.uk/money/mortgageshome/article-10088773/Lowest-rate-mortgage-deals-HSBC-NatWest-ups-rates.html
I agree Disinform, a derisory increase of 0.1% .... I can see the headlines now. BOE doubles base rates!!!
Any one else remember paying 14-15% mortgage rate, those were the days,good interest rate on savings as well
Yes 15% interest on the mortgage, sold the car and no holidays for some time.
And interest rises scare all the governments to death, with the amount of debt they have racked up since 2008.
jcb , yeah it hurt i remember a 75k mortgage costing around 900 quid a month
I remember £125k mortgage 1984
With equity of £120k
The golf subs came through
That was the year I stopped playing golf
Bank staff were on 2.5%
Those were the good old days 34p a share dividend
VB , thats what the special divi will be here just before Christmas lollol
Victor
I know peeps in there 90s that say they had the best days , think maybe correct , glad you had a laugh this morning.
Now this was a great conversation! Analysis + perspective + humour!
Which category do you slot into Gazzleberry?
TFE
Took the words out of my mouth
Hardup
Now that was funny
What do these people expect us to talk about ?
Lloyds
Gazzlebury, pray tell me, what o you class as “elitist snobbery” I did not think Brixton’s visits to Spoons fell into this category?
Gazz
Multi cultural with opposing views makes for good debate on the Lloyd’s board.
One
Well said .
My girlfriend of 25 years works for mentally and handicapped children, she gets a very very low wage ! . So last week Lloyds and Nat West made me a few quid , i have a new car on order and will give her my old one which is 3 plus years old . We have both working class roots but were dragged up proper like . Hense my username.
A pink cadillac for me falky
Totally agree regards base rate rises to come ,along with Lloyds share price and divis we hope !!:)