Created Wed 25th Mar 6:24am PST by 
ianochaye
ianochaye 
When will the Bank of England next Raise interest rates?
Background: The Bank of England recently announced yet another reduction in the key interest rate.
At noon on March 5th, the Bank announced that rates were being lowered again to 0.5%, the lowest since the central bank was founded in 1694.
The cut is the sixth time that UK borrowing costs have fallen since October, when rates were still 5%, and is another blow for savers.
In an accompanying statement, the Bank hinted that the March 5th rate reduction may be the last one for a while. It said that a "very low level of Bank rate could have counter-productive effects on the operation of some financial markets and on the lending capacity of the banking system".
The Monetary Policy Committee meets monthly to review the situation and make the rate decision.
WHEN WILL RATES RISE AGAIN?
At noon on March 5th, the Bank announced that rates were being lowered again to 0.5%, the lowest since the central bank was founded in 1694.
The cut is the sixth time that UK borrowing costs have fallen since October, when rates were still 5%, and is another blow for savers.
In an accompanying statement, the Bank hinted that the March 5th rate reduction may be the last one for a while. It said that a "very low level of Bank rate could have counter-productive effects on the operation of some financial markets and on the lending capacity of the banking system".
The Monetary Policy Committee meets monthly to review the situation and make the rate decision.
WHEN WILL RATES RISE AGAIN?
Settlement details:As reported by a major mainstream news source.
Forecast history %
| Before 30 June 2009 |
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| July, August, September 2009 |
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| October, November, December 2009 |
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| January, February, March 2010 |
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| After 31 March 2010 |
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Question suspends in 18 weeks
- Activity: H$7,265 |
- Predictions: 25 |
Comments: 0
Suspend date: Wed 31st Mar 2010 3:59pm PST (18 weeks to go)
Initial likelihoods: Before 30 June 2009: 10%, July, August, September 2009: 20%, October, November, December 2009: 20%, January, February, March 2010: 25%, After 31 March 2010: 25%
Action history:
Created Wed 25th Mar 6:24am PST by ianochaye
ianochaye 
Suspend date: Wed 31st Mar 2010 3:59pm PST (18 weeks to go) details 
Get widget!Predictions (25)
ojw15
predicted After 31 March 2010 (H$50 at 30%)
predicted After 31 March 2010 (H$300 at 27%)Comments (0)
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