I reckon base rate will go up in June, stay at 4.75% for a bit (tail risk of it hitting 5%) and start coming back down from November MPC meeting and settle at around 3.5% in mid-2024. Or I could be chatting shit and it stays where it currently is or higher for the foreseeable and I get fucked... Place your bets!!!
I think I agree - the housing market will slow down and reduction in interest rates required to get it pumping again. Couldn’t say on dates but EoY surely!
I reckon base rate will go up in June, stay at 4.75% for a bit (tail risk of it hitting 5%) and start coming back down from November MPC meeting and settle at around 3.5% in mid-2024. Or I could be chatting shit and it stays where it currently is or higher for the foreseeable and I get fucked... Place your bets!!!