Interest Rate .5% cut

[cardboard]

interest rates to 3.5% by end of the year
2.5% by mid 2009

 

[Gully]

...another half a point next month and again in December...can't see that myself, but you never know!

 

[Herr Tubthumper]

If I has £ 175000 as above I would buy £ 175000 off premium bonds at the moment.

I'd put it under me bed.

 

[Uncle Spielberg]

interest rates to 3.5% by end of the year
2.5% by mid 2009

No chance

4.25% by year end.

3.75% by mid 2009

 

[cardboard]

Table 1: Revised interest rate forecasts for the UK
Q308 Q408 Q109 Q209 Q309 2008 2009
GDP y/y 0.2 -1.4 -2.5 -2.8 -1.8 0.6 -1.9
Inflation 4.7 4.7 4.4 3.1 1.7 3.8 2.6
Base rate 5.00 3.50 3.00 2.50 2.50 3.50 2.50
3M GBP LIBOR 6.30 4.70 3.70 3.10 3.00 4.70 3.00
For the annual data the GDP and inflation data are averages, while the interest rate forecasts are end-period.
Source:


Just one opinion

 

[Lokki 7]

cant you people see this is shit news inflation is up at 4.7% there is no f***ing way this should demonstrate a requirement to cut interest rates if you think its good you must be f***ing thick we will all pay for this in a few months!!!!!!!!

Right. So with the deepest global recession for 75 years looming large, asset prices collapsing, unemployment soaring, production falling, oil prices in freefall, commodity prices halving and confidence at it's lowest since world war II, you are worried about inflation? Just about sums up the extent of your 'expert city knowledge'.
As for you implying that you have no mortgage, isn't that because you rent?

 

[afters]

Right. So with the deepest global recession for 75 years looming large, asset prices collapsing, unemployment soaring, production falling, oil prices in freefall, commodity prices halving and confidence at it's lowest since world war II, you are worried about inflation? Just about sums up the extent of your 'expert city knowledge'.
As for you implying that you have no mortgage, isn't that because you rent?

is the right answer