tjh290633 wrote:88V8 wrote:But 3.9% is not 2%.
Mind you, I would not be surprised if there is a rate cut next year given the govt no doubt will be pressing the (independent) bank in that direction but I will be amazed if there is an increase from here.
V8
No, it's not. But with such a steep falling slope, the bank rate ought to be falling, so as not to overshoot the target.
TJH
The market is expecting interest rates to fall still (at least in the US). Rates usually don't fall until the market expects them to keep going up.
GS