Sentance Says C P I Could Easily Exceed 5 Percent This Year

[A.steve]

http://uk.reuters.com/article/2011/03/22/uk-britain-sentance-cpi-idUKTRE72L3NG20110322

I wonder if Ben Broadbent would agree?

[interestrateripoff]

If it does Mystic Merv will be writing the UK economy has suffered beyond-design-basis event which interest rate policy can't fix.

[exiges]

Sentance: Things are out of control

King: <fingers in ears> La la la, I can't hear you..

[Democorruptcy]

Panic over.

He's leaving soon so they didn't bother telling him 5% is the new target.

[MinceBalls]

http://uk.reuters.com/article/2011/03/22/uk-britain-sentance-cpi-idUKTRE72L3NG20110322

I wonder if Ben Broadbent would agree?

This year? At this rate it will exceed 5% by May!

[interestrateripoff]

Panic over.

He's leaving soon so they didn't bother telling him 5% is the new target.

Increasing the target seems the easier option.

[fluffy666]

If it does Mystic Merv will be writing the UK economy has suffered beyond-design-basis event which interest rate policy can't fix.

I suspect that it has, ever since house prices stopped going up 10% a year - that was the design basis (and there was no containment, or control rods). Indeed, to stretch the analogy, we've pumped the thing back full of water and switched it back on without even doing a safety inspection..

[Pent Up]

I suspect that it has, ever since house prices stopped going up 10% a year - that was the design basis (and there was no containment, or control rods). Indeed, to stretch the analogy, we've pumped the thing back full of water and switched it back on without even doing a safety inspection..

But the water is boiling and hydrogen gas is building...

Edited March 22, 2011 by Pent Up