Tuesday, Feb 12, 2008
BOE Cuts Rates and Warns of Inflation - WHAT is going on!?
Telegraph: Bank of England likely to miss Inflation target
The Bank (BOE), which last week cut interest rates by a quarter percentage point to 5.25pc, is expected to raise its near term projection for the Consumer Price Index,
implying a significant chance that it will rise above 3pc, forcing the Governor to write a letter of explanation to the Chancellor.
It follows news that the majority of Britain's major gas and electricity suppliers have raised their prices by an average of 15pc and 12pc respectively."
So why bother collecting data, why bother meeting, why bother cutting rates, indeed why bother at all. We are all on our own, its actually worse.
BOE clowns are steering UK onto rocks
Posted by hyrax @ 01:06 AM (120 views) Add Comment
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