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Boe's Mccafferty Flags Higher Inflation Expectations

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http://uk.reuters.com/article/2013/06/14/uk-britain-boe-mccafferty-idUKBRE95D08020130614

Some measures of British inflation expectations suggest doubts are creeping in about the Bank of England's commitment to keeping a lid on price growth, a top policymaker said on Friday.

Ian McCafferty, one of nine members of the bank's rate-setting committee, said it was "certainly not the case" that the Bank was more tolerant of inflation.

"In this environment, I believe it is important to continue to be mindful of the need to keep expectations well-anchored when setting policy," McCafferty said in a speech to be delivered in London.

The Bank of England's primary target is for inflation of 2 percent although it has been above that level for most of the past five years, pushed up by energy costs, higher university fees and a weaker pound.

Comedy gold from the the BoE :lol::lol:

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Inflation is redefined as that thjing which will always look like it will come down below 2% in a years time but always stays above that in the present time..

I only take notice of the RPI and CPI as a gauge of the movement of inflation rather than what they actually us it is. If you take a look at your own personal inflation rate you'd more than likely be horrified as I was, its worth doing and quite easy to work out. Time is the important thing with inflation, small numbers will create massive changes over a few years, and if your personal inflation rate is 10% you'd better make sure your income is twice what it is today in seven years time.

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  • 243 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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