The poll for last week has been somewhat affected by the fact that the Bank of England reduced rates halfway through the poll.
The Question was where would rates be in a year's time and below are the votes as cast:
Higher than they are now
Lower than they are now
The same as now
At 0%, fighting economic depression...
Showing my sheepish rather than bold side, I voted for lower than they are now with 45% of you.
My thoughts are; Even though it seems we are headed for a bout of stagflation next year, it seems unlikely that input prices will remain so high as the economy slows. Other factors such as wage inflation will act as a dampener on core inflation.
However, those who voted higher or the same may have the last laugh; any major global event that kept oil high or over $100 and inflation will be here to stay with rates having to stay high even as the economy nosedives.
Finally, the nihilists who voted 0% and staving off a depression...wow would that do my mortgage repayments some good!