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Realistbear

Bo E Tucker Joins Posen In Stand Against I R Hike

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http://www.bloomberg.com/news/2011-02-22/boe-s-posen-says-inflation-expectations-anchored-sees-no-early-rate-rise.html

BOE's Tucker Says Inflation Is a `Real Dilemma' as Minutes to Reveal Split
Bank of England Deputy Governor Paul Tucker said there is a “real dilemma” on whether to raise interest rates as Adam Posen downplayed the risk from inflation, highlighting the depth of disagreement among policy makers.
“Inflation is a worry, there’s no doubt about that,” Tucker said late yesterday. “The question we face isn’t to make a violent increase in interest rates, it’s whether or not to take away just a little bit of the stimulus that we’ve been applying to the economy over the last few years.”
Minutes of the bank’s Feb. 10 decision to be published today will reveal if any of the bank’s nine-member Monetary Policy Committee joined Andrew Sentance and Martin Weale in voting for an interest-rate increase.

If they hike £ takes off making exports even less competitive than now and house prices will collapse. 2 big negative consequences if they hike. If they don't hike the recession and job losses will tame inflation--provided wages are kept subdued.

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http://www.bloomberg.com/news/2011-02-22/boe-s-posen-says-inflation-expectations-anchored-sees-no-early-rate-rise.html

BOE's Tucker Says Inflation Is a `Real Dilemma' as Minutes to Reveal Split
Bank of England Deputy Governor Paul Tucker said there is a “real dilemma” on whether to raise interest rates as Adam Posen downplayed the risk from inflation, highlighting the depth of disagreement among policy makers.
“Inflation is a worry, there’s no doubt about that,” Tucker said late yesterday. “The question we face isn’t to make a violent increase in interest rates, it’s whether or not to take away just a little bit of the stimulus that we’ve been applying to the economy over the last few years.”
Still no sign of Mr Bean who boldly said that inflating debt away is morally dubious.

http://www.telegraph.co.uk/finance/economics/7801583/Bank-of-England-Inflation-not-the-way-out-of-debt.html' rel="external nofollow">

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  • 312 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%



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