Jump to content
House Price Crash Forum
Ash4781

Boe Inflation Report Due Today

Recommended Posts

The BOE inflation report is due today.

It's expected to raise near term inflation, while lowering future growth. Get ready for some interesting fan charts!

http://uk.reuters.com/article/2011/05/10/markets-sterling-close-idUKLDE7491ZC20110510

Why wait for the press release? We all know that inflation will be forecasted to be 2.0% in 18 months from now.

Share this post


Link to post
Share on other sites

The BOE inflation report is due today.

It's expected to raise near term inflation, while lowering future growth. Get ready for some interesting fan charts!

http://uk.reuters.com/article/2011/05/10/markets-sterling-close-idUKLDE7491ZC20110510

Considering the BOE forecasts for the last 3-4 years have been completely wrong not sure why anyone thinks this one will be different.

My view would be future growth will now be potentially higher than it was in 2007. The boom was always unsustainable, a crash was inevitable. Now we have to focus on other industries to drive growth which will likely lead to a much more sustainable future economy and higher long term growth.

Share this post


Link to post
Share on other sites

The disturbing thought is that Merv expects inflation to peak at 5%

Now given he's always going to play down the situation, I wonder what he really thinks it'll peak at.. 6% 7% ?

Nice for those RMT workers on RPI + 0.5%

Share this post


Link to post
Share on other sites

Listening to it live. Paul Mason from the BBC said to Merv.. "As we all expected, the figures are worse than you predicted"

Priceless.

Share this post


Link to post
Share on other sites

Merv claims inflation target is symmetrical – if energy and import prices collapsed in the short-term then the MPC would 'look through' such movements.

I'm calling bull$hit on that one.

Share this post


Link to post
Share on other sites

Merv claims inflation target is symmetrical – if energy and import prices collapsed in the short-term then the MPC would 'look through' such movements.

I'm calling bull$hit on that one.

But surely that is what they want? If energy and import prices don't collapse then inflation won't come back down to target, to me it looks like they are gambling on this happening and this why they are holding off on rates.

Share this post


Link to post
Share on other sites

The latest fan chart.

If they're not careful the BoE will start to lose credibility :lol::lol::lol::lol::lol::lol::lol:

Give the job to someone who'll take it seriously.

Edited by billybong

Share this post


Link to post
Share on other sites

Some City chap was just interviewed on BBC Radio Wales and he said that UK food inflation may well be over 10% this Summer, with general inflation likely going over 5%.

This will not end well.

Share this post


Link to post
Share on other sites

Some City chap was just interviewed on BBC Radio Wales and he said that UK food inflation may well be over 10% this Summer, with general inflation likely going over 5%.

This will not end well.

Yeah standard of living fall for many is looking like it will accelerate. The cost of saving the financial system?

I'm in the process of buying. I'll need to get some seeds in the ground, and chickens in the shed.

Share this post


Link to post
Share on other sites

Listening to it live. Paul Mason from the BBC said to Merv.. "As we all expected, the figures are worse than you predicted"

Priceless.

Here from 12:18 onwards, just a shame the camera didn't cut to Merv's face for the comment.

http://streamstudio.world-television.com/CCUIv3/frameset.aspx?ticket=117-118-9568&browser=ie-9-0-0-10-0&target=en-default-&status=ondemand&stream=wm-video-300

Share this post


Link to post
Share on other sites

Thanks, is that over 2% for 3-4 years?

edit: oh plus the 2007/8 blip

Yes, quite ridiculous. They should be targeting 2% average CPI if that is the target, not hitting 2% at some mystical point in the future.

Q

Share this post


Link to post
Share on other sites

As someone else said - if the upper prediction is 5%

You can bet that it will be nearer to 7%

The RMT wage deal is the first sign of the start of a wage/price spiral and must be worrying for the BOE.

Plan A isn't working and there is clearly no Plan B.

:blink:

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.

  • 284 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.