You cant envisage the rate going up again in the near future??
4% by this time next year
That's interesting , I would have thought with raw materials going through the roof (steel, copper alloy etc.) , fuel /gas prices rising , food costs escalating(price of wheat has nearly doubled in 6months ) that it was a sure fire bet that inflation would rise
Inflation yes, but interest rates will consequently go down , tenner on it
12 months from now a tenner will wing it's way up to Cumbria if inflation is lower than today
No the bet is on interest rates at 4% - besides, there are so many measures of inflation, I doubt I can justify paying my lawyer to get my winnings
I'll take £100 on the BoeBR being higher than 4%
OK , I'll take your bet if you take it until after the Jan 2009 BofE monetary policy meeting - that's 13 meetings from now
Its only 12 as they have had the Jan 08 one, but yeah, your on:
+4% after the Jan 08
PS: I really hope I lose the best as I'll make a fortune if the rates come down that low.........
Just to update, Prescience, rumour has it that the BofE base rate may be droping again to 5.25% in feb or march. Still away off 4% though Dorian