Thursday, Nov 15, 2007
This is begining to sound desperate.
The Times: Rate cut nears as retail sales drop sharply
"The first fall in high street spending for ten months has increased the likelihood of a pre-Christmas rate cut"
Why has it ? All complete b****cks from the Times.
Posted by darren @ 12:12 PM (467 views) Add Comment
3 Comments
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1. A said...
Because the bank of england has responsiblity primarily for managing inflation and growth, not regulating asset prices
2. tyrellcorporation said...
Another viewpoint could be... 'rate cuts disappear as CPI and factory gate prices surge'.
Remarkable trash coming from the Times yet again. This is a concerted campaign now to try to mould perceptions so inaction by the MPC will 'spook the markets'.
3. harold said...
But the remit of the MPC is to control inflation (which has just risen) not bail out retailers.