I had email from bank on Tuesday about interest rate rise

T

TeessideCleveland

Well-known member
Then yesterday they said sorry the email was wrong the meeting is Thursday.

Surprise surprise Thursday the rates go up......

There is something dodgy about this....


Are banks told before the public what is going to be done at a meeting supposedly 'to decide' what will be done?
 
Probably not, but the media had been predicting it too. MPC give indication of what may happen in the future and the banks will have prepared for them increasing it
 
Banks employ economists, who will be predicting interest rates for the next few months.
It doesn't take Einstein to predict that interest rates continue to climb for the next few months, given the rise in inflation.
 
Boro in Devon said:
Banks employ economists, who will be predicting interest rates for the next few months.
It doesn't take Einstein to predict that interest rates continue to climb for the next few months, given the rise in inflation.
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Think they should have held off emailing saying ignore the first one when it was only one day before they would know anyway
 
TeessideCleveland said:
Then yesterday they said sorry the email was wrong the meeting is Thursday.

Surprise surprise Thursday the rates go up......

There is something dodgy about this....


Are banks told before the public what is going to be done at a meeting supposedly 'to decide' what will be done?
Click to expand...
Yes it is dodgy.
 
It's not dodgy, just idiotic from the banks. Anyone with even a passing interest in finances knew (strongly suspected) rates were going up again, only debate was how much.
 
Seriously I know the lottery will have numbers. I am just waiting for an email off Camelot to tell me which.

Go to Rothschilds and ask them for tomorrow's gold price.
 
So let me get this right, the Bank of England (which is wholly owned by the government) is allowed to announce an interest rate rise and predict a recession on the actual day of an election, but the Met Police isn’t able to say how many people it’s fined over partygate until afterwards?
 
junos_boots said:
So sarcastic it was then - sad really.
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The whole of the financial market is based on not knowing. There are trillions traded every day on that principle.

How do you know that there will not be a snow storm for the next 2 months stopping retail trade and logistics movements, that would effect the rate. Russian sending up a Nuke will change the rate.

Soros won a billion backing against the £ others backed against him and lost.
 
They will have had emails prepared and ready to go with a placeholder for the amount - they are multi-billion dollar companies in and multi-trillion dollar industry... they're not going to sit on their rump waiting for an announcement and then start crafting emails for customers etc... they will have been well ahead of this and some numpty will have clicked send accidentally. Happens more than you'd think!
 
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