Interest rates going up?

I think your right, and I'm just hoping that they don't try any more remedial action and go for a half point, though most people see that as unlikely but not impossible.

Probably the right thing to do it now. Prediction by some economists that next year will see it flatten and drop again. The BofE hasn't fluffed it yet since it was deshackled.
BaldricksBullet said:
Not mine... you're talking gobelejewk. But hold on to your hats, it's been a long time coming but when it does (fully) there will be a lot of repossesions.
Non comprende - maybe a quote would have helped to show who/what you are responding to?
Hagar said:
Cost more in the long run but does this mean that my pension will be increased by more when I get it at 55?

Your pension is linked to the RPI - not base rates. The connection is that if the RPI increases, the BoE will raise interest rates, and vice versa.

It is important to note that your pension is linked to the RPI and not the CPI. The RPI has been calculated for many years now. The CPI was dreamt up by this Chancellor to exclude all those goods and services he wanted to tax. The BBC has duly fallen in line with the pressure and only quotes the CPI. The RPI is currently running at a much higher rate than the CPI.

RPI = Retail Price Index
CPI = Consumer Price Index
BBC = Brown's Broadcasting Corporation


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