Prediction #113
In Business, FunkyDrummer speculates...
Economic botox: Will the UK's base interest rate drop to 0% before summer?
Source: Zero is the hero
I forecast it 79% likely. Yes, we need it to escape further recession
The UK's base interest rate is now at 1% but is a further drop to 0% needed to stimulate spending and growth further? It seems quite likely.
But is this really the way to stimulate growth again or is this just like economic botox - a temporary benefit designed to make us feel better?
The Bank Rate has now been reduced from 5% in October last year.
It looks likely. What do you think?
What do you think? Share your opinion and make a prediction!
This is prediction is closed. No further forecasts are permitted, but why not browse more predictions in Business.
Forecast
history (rollover individual forecasts to see details)
Worldwide forecast activity
12 current forecasts
-
JulianHarris forecast it as 80% likely, 11 months ago
Success rate: 0% | Status: Newbie
Once again the UK will follow the US.
-
DoctorNo forecast it as 50% likely, about 1 year ago
Success rate: 12% | Status: Chump
-
jcaine forecast it as 50% likely, about 1 year ago
Success rate: 0% | Status: Newbie
-
andrewfisher forecast it as 15% likely, about 1 year ago
Success rate: 29% | Status: Chump | My site | My Twitter page
Not likely
The Bank Of England are considering printing money to enhance liquidity. A 0% base rate will not stimulate activity any more than 1% is already - it's a diminishing return. People (and financial institutions) are holding cash at the moment and creating liquidity is the only real solution to the problem.
-
Vicissitudes2 forecast it as 60% likely, about 1 year ago
Success rate: 18% | Status: Grasshopper
-
hermox forecast it as 85% likely, about 1 year ago
Success rate: 25% | Status: Rookie With Moves
-
joeforce forecast it as 85% likely, about 1 year ago
Success rate: 20% | Status: Chump
-
MiOtroBlog forecast it as 24% likely, about 1 year ago
Success rate: 28% | Status: Rookie With Moves
-
EAPresley forecast it as 77% likely, about 1 year ago
Success rate: 7% | Status: Chump
-
MonkeyMagic forecast it as 75% likely, about 1 year ago
Success rate: 0% | Status: Newbie
-
kayla8 forecast it as 78% likely, about 1 year ago
Success rate: 11% | Status: Wonder Child
-
FunkyDrummer forecast it as 79% likely, about 1 year ago
Success rate: 9% | Status: Fortune Cookie | My site | My Twitter page | My FriendFeed
Yes, we need it to escape further recession
Back to Top
The group forecast
63.0%
likelihood
from
12
forecasts
Group failure! Based on 12 predictions the group still forecasted this prediction incorrectly
- Based on 12 forecasts
- Final outcome: False (The event did not happen)
- Ended: 01 Jun 2009, 12:00 PM (GMT +00:00)
- Added: about 1 year ago
Sponsors
Related videos
11 |
Collections
