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View Full Version : Next BoE move on rates



AtW
26th June 2016, 18:23
Vote in this new Referendum !

eek
26th June 2016, 18:25
The next move is downwards - as it delays the inevitable that much longer....

scooterscot
26th June 2016, 19:51
negative interest rates are on the way

barrydidit
26th June 2016, 19:55
Drop to zero to punish those old gits who had the temerity to vote leave.

jamesbrown
26th June 2016, 19:56
Almost certainly down, with the caveat that all bets are off in the event of a Sterling crisis. There's no evidence of that yet, but it's early days. Cable would need to drop deep into the 1.2s to make them think twice about a rate cut. History suggests that Sterling crises don't last long before a sharp correction. The BoE will be aiming to look through anything but the most severe and sustained fall.

jamesbrown
26th June 2016, 19:58
negative interest rates are on the way

Highly unlikely in a UK context, as several on the MPC have indicated recently. There's very little evidence that negative rates would work in a UK context, because banks are less likely to transmit this to the real economy. They'll go big on QE way before they consider that.

unemployed
26th June 2016, 21:20
put them up let it crash

then get back to normal.

Old Greg
26th June 2016, 21:59
Drop to zero to punish those old gits who had the temerity to vote leave.

Make 5p coins even more small and fiddly.

AtW
26th June 2016, 22:07
Drop to zero to punish those old gits who had the temerity to vote leave.

Yup, pensioners and savers will be punished