Just been into Nationwide....
20 April 2007, 01:21 PM
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Just been into Nationwide....
There is a rumour within the company that the BoE "could" stick 0.5% on the base rate next month. Nationwide are currently recalculating their fixed rates accordingly.
20 April 2007, 02:16 PM
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Well the BOE explained the high rate was due to short term volatility in food prices and fuel, so they expect it to fall back naturally. Would have thought 0.5% was a knee jerk reaction, but I expect 0.25%.
20 April 2007, 02:52 PM
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I'd be surprised if it went up by 0.5%, but wouldn't be surprised if they went up 0.25% next month and the month after.
I find it highly amusing that the economy is going t1ts up thanks to 10years of GB's mismanagement, just as Brown is about to take over as PM
Funny how the BoE keep changing their outlook too, at the end of 2005 they said inflation would rise then fall back in 12 months (ie 2006), but its just risen and risen! Rates are still low by historic standards, so could be some way to climb.
I find it highly amusing that the economy is going t1ts up thanks to 10years of GB's mismanagement, just as Brown is about to take over as PM
Funny how the BoE keep changing their outlook too, at the end of 2005 they said inflation would rise then fall back in 12 months (ie 2006), but its just risen and risen! Rates are still low by historic standards, so could be some way to climb.
20 April 2007, 02:59 PM
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20 April 2007, 03:12 PM
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Why are the bank recalculating their rates now? The interest rate hasn't changed yet.
They're also scrapping their fixed rate deals until the BOE announces any rate rise.
Another case of putting rates up straight away yet waiting as long as possible to reduce them.
My fixed rate mortgage runs it's course this November. Interest rate could be up another 0.5% by then. Bugger
They're also scrapping their fixed rate deals until the BOE announces any rate rise.
Another case of putting rates up straight away yet waiting as long as possible to reduce them.
My fixed rate mortgage runs it's course this November. Interest rate could be up another 0.5% by then. Bugger
20 April 2007, 03:31 PM
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Sounds like a roooooze to get you to quickly agree a mortgage type affair with them...
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20 April 2007, 03:48 PM
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20 April 2007, 03:54 PM
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Just have to wait and see what happens at the end of the month
Fat chance!
20 April 2007, 04:44 PM
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