Base Rate

[SpokeyDokey]

And yet again the BoE hold Base Rate at the extremely low figure of 0.1%.

Committee 7 to 2 in favour.

Caught between the need to curb inflation back to the c2% target and not wishing to weaken the fragile economy; this must have been a tough decision.

Hints that this will change at the next review on December 16th abound in the more considered media.

Money markets or savers have already moved upwards with 1.7 - 2.0% fixed rates on mid-term locks available so they are clearly expecting a shift upwards.

Makes the new NI Green Bonds at 0.65% looking like a mockery.

Looking likely that the absurdly (imo) low mortgage rates (that help fuel house price values) will come to an end over the next couple of years.

 

[SpokeyDokey]

At last - a shift upwards.

Doesn't seem much when looking at the projected inflation figures. Although a sharper rise would almost certainly have scared the bejeebers out of the Lemming infested markets.

 

[gbb]

At last - a shift upwards.

Doesn't seem much when looking at the projected inflation figures. Although a sharper rise would almost certainly have scared the bejeebers out of the Lemming infested markets.

From a purely selfish point of view, they can raise taxes as much and as high as they liked, no mortgage, good savings, there's been nothing for us for years.

 

[SpokeyDokey]

Base rates up - about time too; need to get a grip on inflation!

 

[kynikos]

Bad news: Base Rate doubles.
Good news: Base Rate up by only a quarter per cent.