Lomax (boe Mpc) Speaks

[Zzzzzzzzzzzzzzzzzzzzzzzzzz]

http://today.reuters.co.uk/news/newsarticl...ITAIN-LOMAX.xml

[Fancypants]

http://today.reuters.co.uk/news/newsarticl...ITAIN-LOMAX.xml

the buck is getting passed around so much, it's a blur!

[Starcrossed]

Certainly seems to be a war going on in the MPC. Two of the hawks come out and echo the 'tough choices' line and a third falls on his sword.

I really think we are on the cusp of a major decision and nobody knows how it is going to go. Will we go in the direction of targeting inflation and cutting consumption or the direction of opening the money taps further in a vain attempt to keep back the sea (to mix metaphors)

This cannot be underestimated - the decisions made now will shape the economy for the next 10 years (even if the only impact they make on the HPC will be the timescale across which it occurs)

[delite1]

Certainly seems to be a war going on in the MPC. Two of the hawks come out and echo the 'tough choices' line and a third falls on his sword.

I really think we are on the cusp of a major decision and nobody knows how it is going to go. Will we go in the direction of targeting inflation and cutting consumption or the direction of opening the money taps further in a vain attempt to keep back the sea (to mix metaphors)

This cannot be underestimated - the decisions made now will shape the economy for the next 10 years (even if the only impact they make on the HPC will be the timescale across which it occurs)

Somethings on the cards.Why would Large who has stuck out like a sore thumb with his hawkish nature leave now when the inflation figures are underlining his arguement? King must have known about Large a week ago yet a hawkish speech and now Lomax talks of tough decisions. I wouldn't have thought lowering rates was tough, more like a relief to most of the country. Take away the MPC and give the call back to Brown and Brown only, what would he do? Something is not right.