Bank of England's Inflation Target
Discussion
"For 42 of the past 51 months, inflation has been above the Bank's 2pc target. And, since April 2007, King has had to write seven letters of explanation to the Chancellor – the first since 1992."
Hmm,
"LONDON (Reuters) - British inflation will fall well below its 2 percent target in two years, even if interest rates remain at record lows, the Bank of England said on Wednesday, leaving scope for further policy easing if the economy worsens."
Hmm,
"LONDON (Reuters) - British inflation will fall well below its 2 percent target in two years, even if interest rates remain at record lows, the Bank of England said on Wednesday, leaving scope for further policy easing if the economy worsens."
Edited by Fittster on Wednesday 11th August 11:35
XJSJohn said:
Is Merv trying to take over where Winky left off?
I still wonder if keeping BOE Base rate so low is a good thing too?? The UK looks like it is heading for a somewhat Japanese style Stagflation situation.
Interest rates need to be kept low in an effort to support house prices at ludicrous levels for as long as possible to enable people to pay down their debt. Of course, they haven't done that, but at least it sounded like a good plan at the time.I still wonder if keeping BOE Base rate so low is a good thing too?? The UK looks like it is heading for a somewhat Japanese style Stagflation situation.
Edited by NoelWatson on Wednesday 11th August 08:12
musclecarmad said:
RPI up at 5%.
Everything is soaring price wise.
Inflation is high and it will only get higher - I don't know why the whole bank of england mpc havent been sacked.
Its been way over target for ages, we have a vat rise coming and they have been constantly wrong over inflation.
Who would you rather make the call? It was always going to be difficult in current climate and thats what makes Gideons predictions in the budget laughable as he based it on the BOE's "prediction" which has just changed.Everything is soaring price wise.
Inflation is high and it will only get higher - I don't know why the whole bank of england mpc havent been sacked.
Its been way over target for ages, we have a vat rise coming and they have been constantly wrong over inflation.
There are rumours that America are going to flush more money into the system to stop them going back into recession. The exact opposite of what the Con-Dems are going to do.
musclecarmad said:
Wanta996Gotta said:
musclecarmad said:
RPI up at 5%.
Everything is soaring price wise.
Inflation is high and it will only get higher - I don't know why the whole bank of england mpc havent been sacked.
Its been way over target for ages, we have a vat rise coming and they have been constantly wrong over inflation.
Who would you rather make the call? It was always going to be difficult in current climate and thats what makes Gideons predictions in the budget laughable as he based it on the BOE's "prediction" which has just changed.Everything is soaring price wise.
Inflation is high and it will only get higher - I don't know why the whole bank of england mpc havent been sacked.
Its been way over target for ages, we have a vat rise coming and they have been constantly wrong over inflation.
There are rumours that America are going to flush more money into the system to stop them going back into recession. The exact opposite of what the Con-Dems are going to do.
Wanta996Gotta said:
musclecarmad said:
RPI up at 5%.
Everything is soaring price wise.
Inflation is high and it will only get higher - I don't know why the whole bank of england mpc havent been sacked.
Its been way over target for ages, we have a vat rise coming and they have been constantly wrong over inflation.
Who would you rather make the call? It was always going to be difficult in current climate and thats what makes Gideons predictions in the budget laughable as he based it on the BOE's "prediction" which has just changed.Everything is soaring price wise.
Inflation is high and it will only get higher - I don't know why the whole bank of england mpc havent been sacked.
Its been way over target for ages, we have a vat rise coming and they have been constantly wrong over inflation.
There are rumours that America are going to flush more money into the system to stop them going back into recession. The exact opposite of what the Con-Dems are going to do.
oyster said:
Wanta996Gotta said:
musclecarmad said:
RPI up at 5%.
Everything is soaring price wise.
Inflation is high and it will only get higher - I don't know why the whole bank of england mpc havent been sacked.
Its been way over target for ages, we have a vat rise coming and they have been constantly wrong over inflation.
Who would you rather make the call? It was always going to be difficult in current climate and thats what makes Gideons predictions in the budget laughable as he based it on the BOE's "prediction" which has just changed.Everything is soaring price wise.
Inflation is high and it will only get higher - I don't know why the whole bank of england mpc havent been sacked.
Its been way over target for ages, we have a vat rise coming and they have been constantly wrong over inflation.
There are rumours that America are going to flush more money into the system to stop them going back into recession. The exact opposite of what the Con-Dems are going to do.
Wurls said:
NoelWatson said:
XJSJohn said:
Is Merv trying to take over where Winky left off?
I still wonder if keeping BOE Base rate so low is a good thing too?? The UK looks like it is heading for a somewhat Japanese style Stagflation situation.
Interest rates need to be kept low in an effort to support house prices at ludicrous levels for as long as possible to enable people to pay down their debt. Of course, they haven't done that, but at least it sounded like a good plan at the time.I still wonder if keeping BOE Base rate so low is a good thing too?? The UK looks like it is heading for a somewhat Japanese style Stagflation situation.
Edited by NoelWatson on Wednesday 11th August 08:12
NoelWatson said:
Wurls said:
NoelWatson said:
XJSJohn said:
Is Merv trying to take over where Winky left off?
I still wonder if keeping BOE Base rate so low is a good thing too?? The UK looks like it is heading for a somewhat Japanese style Stagflation situation.
Interest rates need to be kept low in an effort to support house prices at ludicrous levels for as long as possible to enable people to pay down their debt. Of course, they haven't done that, but at least it sounded like a good plan at the time.I still wonder if keeping BOE Base rate so low is a good thing too?? The UK looks like it is heading for a somewhat Japanese style Stagflation situation.
Edited by NoelWatson on Wednesday 11th August 08:12
Wurls said:
s2art said:
NoelWatson said:
Wurls said:
NoelWatson said:
XJSJohn said:
Is Merv trying to take over where Winky left off?
I still wonder if keeping BOE Base rate so low is a good thing too?? The UK looks like it is heading for a somewhat Japanese style Stagflation situation.
Interest rates need to be kept low in an effort to support house prices at ludicrous levels for as long as possible to enable people to pay down their debt. Of course, they haven't done that, but at least it sounded like a good plan at the time.I still wonder if keeping BOE Base rate so low is a good thing too?? The UK looks like it is heading for a somewhat Japanese style Stagflation situation.
Edited by NoelWatson on Wednesday 11th August 08:12
s2art said:
oyster said:
Wanta996Gotta said:
musclecarmad said:
RPI up at 5%.
Everything is soaring price wise.
Inflation is high and it will only get higher - I don't know why the whole bank of england mpc havent been sacked.
Its been way over target for ages, we have a vat rise coming and they have been constantly wrong over inflation.
Who would you rather make the call? It was always going to be difficult in current climate and thats what makes Gideons predictions in the budget laughable as he based it on the BOE's "prediction" which has just changed.Everything is soaring price wise.
Inflation is high and it will only get higher - I don't know why the whole bank of england mpc havent been sacked.
Its been way over target for ages, we have a vat rise coming and they have been constantly wrong over inflation.
There are rumours that America are going to flush more money into the system to stop them going back into recession. The exact opposite of what the Con-Dems are going to do.
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