Tuesday, Oct 23, 2007
Steady as she goes - at least we've got Hedge Funds to keep us all...well, a few of us going...
BBC: UK manufacturing orders decline
'The data will fuel arguments about whether or not the Bank of England should cut interest rates. Analysts are predicting that the government is likely to leave interest rates on hold at 5.75% for the time being.' I love this Freudian slip about the Government setting IRs - Classic BBC like the Beeb reporter at the last general election who was on the news and said 'we're ahead in the exit polls'.
Posted by tyrellcorporation @ 09:44 PM (285 views) Add Comment
2 Comments
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1. Catflap said...
Now now - you know the BoE is independant!
2. dohousescrashinthewoods said...
Brilliant. They must know it.
They also seem to know ahead of time which way it will go as they do lots of covrage pointing in the right direction in order to soften the blow.
This suggests the bank will indeed sit on its hands (or Gordon will sit on Darling's hands, who will sit on the Bank's hands)