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11 commenti

  1. Discarded_Twix_Bar on

    TL:DR:

    * Bank of England expected to cut interest rates from 4% to 3.75%, the lowest level since February 2023
    * Decision due Thursday and will be the final rate decision of the year
    * Move driven by signs of cooling inflation and a slowing UK economy
    * CPI inflation fell to a four-month low of 3.6% in October, helped by slower rises in gas and electricity prices
    * Economists believe easing inflation supports the case for a rate cut
    * AJ Bell says a cut would be “festive news” for borrowers
    * Investec notes recent tax measures will not materially affect the current interest rate debate, though frozen income tax thresholds continue to weigh on the economy
    * Oxford Economics says a cut is likely but not certain, with the MPC deeply divided
    * Four of nine MPC members are expected to oppose the cut
    * Final decision likely to hinge on Governor Andrew Bailey, who sees improving inflation prospects
    * US Federal Reserve has also cut rates, but signalled caution over further easing
    * Bank of England expected to focus on reaching its 2% inflation target rather than delivering multiple cuts next year
    * Autumn Budget seen as less helpful in reducing inflation than expected, as income tax rates were not raised

  2. Cottonshopeburnfoot on

    Keep it up guys! At least until I remortgage this year then idgaf

  3. radiant_0wl on

    It’s likely they’ll cut it.

    But there’s also arguments that they shouldn’t – inflation is still way above target and projected to remain it for the entire of 2026.

    Supermarket food cost inflation is projected to be in excess of 5% next year due to NMW, business rate increases.

    A faltering economy isn’t a concern for the MPC only the projected impacts it may have on the inflation target, a deduction may help the economy but it’s counterproductive to their inflation target.

  4. Safe-Avocado4864 on

    Inflation isn’t at or below 2% yet so this seems like a “we need growth now to avoid a recession” move.

  5. Mjukplister on

    Thank FUCK for that , my heart really does go out to people who have been broken by their mortgage going through the roof .

  6. ChickenPijja on

    Again, the Fed does something, we copy it a couple weeks later. What’s the point in having the BOE if they just copy + paste what America is doing? Inflation is still high here, near double the 2% target, higher if you only look at the things people spend on regularly (groceries, energy, bills), and that’s what’s killing UK confidence.

  7. JinxxMachina on

    I’m on a fix at 1.64% until summer 2027. At least one thing is going my way for a change.

  8. floodtracks on

    And that’ll mean my student loan will go down again. Right guys? Right???? [cries in 6.2% post-grad loan]

  9. mixxituk on

    This government is ruining this country – somehow – I will find a way to make it so

  10. BeneficialVariety171 on

    Never been happier to take the 5 year fix in 2023. Hope it keeps going down enough for remortgage in 2028. Fingers crossed!

  11. sheffieldpud on

    Currently on 2.5% and renew in June so I’m really hoping we fall to around that or below!

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