How long can the Bank of England leave interest rates at 0.5 % ?

another couple months , a year or two , forever ???

 

Hopefully it will be for around 22 years when my mortgage will finish

 

3Q 2010

 

But whats the governing factor ?

 

The rate of inflation.

 

oh , ok

 

I'd agree with that, after the election.

Currently more buyers in the market than sellers everything is slowly on the up.

I'd originally thought Feb 2011 but now swaying nearer Sept / Oct 2010

 

After the election - about July/August 2010.

 

As above. Q3 2010

 

Some Guru today reckons they may stay low for the next 5 years !!!!!!!

Think it was in the Mail or on BBC news .

Not saying they wont go up but the amount they rise should be kept to a minimum for some time yet .

Ohhh , Suits You Sir !!!!!

 

But houses are still too expensive for most people to afford!

Steve

 

both the most sensationalist organisations in the land

 

A lot of so called experts are predicting there will be no change in 2010, I predict Q1 OF 2011

 

Agreed but just 20 years will do me.

I think that it will slowly creep up, but i dont think we'll see it back up to 5% or whatever it was a year or so back for at least 4 years

Just think all those that have come out of a fixed rate for a tracker, if the rate went up as fast as it came down there'd be alot who wouldnt be able to afford their new monthly payment.

 

I think very soon. Dec 09 inflation figures (due out from ONS 15/1) will show an alarming rise (circa 3.0% RPI) and the B of E will have to act. If you look at the background data (RPI indices and not the % year on year) it is plain to see this will happen.

 

I doubt that will panic the BoE. A knee-jerk reaction now would stall recovery so they'll play it very conservatively.

 

£20 they don't go before the June meeting. Easy money for you, surely?

 

Also, isn't Q4 inflation driven by the rise in fuel costs, or do I have that wrong?

 

I think the last few months of 09 will have seen an increase in so called "big purchases" as people will want to avoid the VAT increase, that will probably tail off now

 

Just about when my fixed term finishes I would guess.

 

Do you work for the ONS? Or are you just having a guess at it? Serious question, not taking the ****!

 

Av of 23 posts per day, no wonder you're our top poster Hats off to you for that prediction too ...

TX.

 

You cant just print £200bn worth of money and expect no inflation....

 

Well, due to that so called 'expert' on GMTV, we fixed again for 3 years in May 2008 at 6% or something, so we are already paying top whack and we can cope easily. Can't wait for the next 16 months to fly by so we can revert to standard variable as I don't think the BoE rates will go much past 2% for the next 3 years.

 

But that money is only going back into banks pockets and they are still not lending as stupidly as before, which is a good thing. The money printing was only to prop up the banks balance sheets and stop them all from going bust.

 

thats your interpretation but it isnt mine....

 

I agree pumping all that money in will create inflation at some point and they will raise interest rates to control it, in fact inflation is high for the current situation with unemployment still rising steeply