Jump to content
House Price Crash Forum
DTMark

Boe And Base Rates

Recommended Posts

Just a thought...

If the BOE (IMO sensibly) begin to raise the base rates or stubbornly refuse to cut them as the economy falters...

Is there a danger that our prudent Chancellor may decide to wrest control of the base rates back again and slash e.g. a full percentage point off them, much to the applause of the retailers and manufacturers, and the Daily Mail, regardless of what then happens with inflation?

Share this post


Link to post
Share on other sites

No chance of that.

If the economy falters, he'd be much more likely to move the MPC's goalposts - i.e. to raise the MPC's 2% inflation target, forcing them to cut rates aggressively.

Share this post


Link to post
Share on other sites
Just a thought...

If the BOE (IMO sensibly) begin to raise the base rates or stubbornly refuse to cut them as the economy falters...

Is there a danger that our prudent Chancellor may decide to wrest control of the base rates back again and slash e.g. a full percentage point off them, much to the applause of the retailers and manufacturers, and the Daily Mail, regardless of what then happens with inflation?

Doubt it as I think Gordy will just heap ALL of the blame for any economic misfortunes on the BoE and MPC.

I wrote a few weeks ago that the BoE and MPC have been nicely set-up to act as scapegoats for Brown and Bliar.

Share this post


Link to post
Share on other sites
I wrote a few weeks ago that the BoE and MPC have been nicely set-up to act as scapegoats for Brown and Bliar.

I'm sure you're right.

Actually I can't help but wonder if old Tony boy is trying to shaft Gordon one more time. All he has to do is hold out for 18 months or so and noone is going to want Gordon as PM... very cunning.

Share this post


Link to post
Share on other sites

I've been wondering that myself. Blair can blame Brown and head off to a profitable lecture tour circuit, and Brown is history.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.