Wednesday, Nov 22, 2006
MPC minutes released
BBC: Bank voted 7-2 for rate increase
7 to 2 - It ain't just Blanchflower
Posted by holding out @ 10:57 AM (161 views) Add Comment
10 Comments
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1. denzil said...
I love the way the BBC describe 7 votes to 2 as a close call.
2. Kirsty said...
the "close call" refers to whether rates will go to 5.25%, not the 7-2 decision.suggest you read more carefully in future.
3. C'mon Correction said...
What economic events would have to happen in order for David Blanchflower to vote for a rate hike????
Surely he is such a Nu Labour dove, that it is useless to have him on the Board?
4. Kirsty said...
please read the article properly. the "close call" refers to whether or not interest rates will rise any further. they are not referring to the november mpc meeting.
5. Albertini Albertino said...
I think the 'close call' bit describes whether they think IRs will be 5% or 5.25% through 2007. Can anyone, however, explain to me how the MPC vote works? Do they just vote on "status quo or +0.25%", or can they vote on "status quo, +0.25% or +0.5%"?
Or even "status quo, +0.5%, +1%, + ONE MILLION PER CENT".
6. tyrellcorporation said...
C'monCorrection... Not useless as a Crash Gordon stooge though!
7. P. Doff said...
Kirsty. I interpret the final paragraph as:- the 7-2 decision was a close call and because of this there is a strong possibility of a further increase to 5.25%
8. tyrellcorporation said...
Blanchflower, Darling and Ladyman... What the hell is going on?!?
9. denzil said...
Kirsty said:
>>the "close call" refers to whether rates will go to 5.25%, not the 7-2 decision.suggest you read more carefully in future.
Point taken and you are correct. No doubt I switched off when reading Howard Archer's name. I will pay more attention next time.
10. paul said...
Thanks Kirsty for putting us in the right.
When are you going to eat your hat then Ms Allsopp?