Wednesday, Apr 18, 2007
Split vote as expected
BBC: Bank voted 7-2 to hold UK rates
Surprisingly Blanchflower did not vote for a cut.
Posted by holding out @ 11:31 AM (188 views) Add Comment
7 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. monty said...
Why would that be surprising given that he's only ever voted for a cut once in 10 votes and that was in March?
2. Rickyb said...
Blanchflower voted for a cut last month, so I wonder what changed his opinion this month. Perhaps he's seen some changes in the price of electronic goods at Heathrow airport that he suspects may be inflationary.
3. Sam said...
I think it's a suprise becuase he voted for a cut last month. At a time when it was least apparent. displaying his true colours.
We're gonna start seeing more bearish predictions and people praying for a stick, rather than a cut. a .5% increase is being suggested so that when the .25% comes it wont seem as bad. -- people this month may run out and get a mortgage offer on a fixed rate - if the banks will give it to them.
partiy's over folks. won't be posting on this site by the end of the year.
4. holding out said...
He also votes for hold when others vote to raise. What changed between March and April to make him change his mind ?
5. financial planner said...
"The number of those in employment dropped by 47,000 in the three months to February". Chuffin' 'ell! How many 2nd incomes will no longer be around now tro pay mortgages and high rents for BTLers. Perhaps props will be put up for sale...!
6. harold said...
Do the MPC members vote independently of each other, or do they sit round a table and do a 'show of hands'?
7. Andy said...
Too late!! Fixed Rate deals have already priced in the increase.