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thecrashingisles

How Vigilant Will Merv Be Today?

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It's that time of the month again. With the ECB apparently set to raise rates, can the BoE continue to hold their vigil?

HOLD................. there thats doomed it cos I am usually wrong :D

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It's that time of the month again. With the ECB apparently set to raise rates, can the BoE continue to hold their vigil?

I expected a poll in your post. The absence of a poll was unexpected to say the least. I'll be more vigilant in the future.

Perhaps the MPC will hold an unexpected candlelight vigil?

In summary;

Rates will be held.

Edit - A poll has appeared in this thread ! I didn't expect that.

Edited by Reck B

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He will be vigilant enough to stick two fingers up at savers, "maintain" the asset purchases at £200bn i.e. buy some more to replace those that have matured but not let slip how much they have now bought in total.

mervynstrangelove.jpg

post-15752-0-27743300-1302169872_thumb.jpg

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He is going to have his eyelids surgically removed, head clamped in a vice and looking at a continuous feed of inflation figures, and body shot full of amphetamines to keep him alert, and as vigilant as it is possible to be.

Not sure about interest rates, though.

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How much pressure will the ECB raising put on the BOE? considering their inflation is 2.6% iirc 0.6% above target and ours is 4.4% 2.4% above target!!

I voted for extra vigilance.

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I will go for a rise of .25%

Yes, but what year?

(Actually, it's next month and you can quote me on that).

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No change and the pound has just plummetted on the news.

But obviously that won't affect the cost of fuel, because that's subject to external forces, as Merv has explained.

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No change and the pound has just plummetted on the news.

Good. For me, anyway. And I can help others by getting a gang of pensioners to pull my car to work for me. Saves me petrol, I feed the surviving pensioners (if the mood takes me), and state pension payouts get reduced.

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Good. For me, anyway. And I can help others by getting a gang of pensioners to pull my car to work for me. Saves me petrol, I feed the surviving pensioners (if the mood takes me), and state pension payouts get reduced.

Genius! :lol:

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Holdy holdy.

http://www.bbc.co.uk/news/business-12999546

The Bank of England's Monetary Policy Committee has kept UK interest rates once more at a record low of 0.5%.

There has been no change to the Bank rate for 25 months, despite the fact that inflation is currently more than twice the Bank's 2% target rate.

No new quantitative easing measures were unveiled.

...CONTINUES

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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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