interestrateripoff Posted October 6, 2016 Author Share Posted October 6, 2016 PM May's monetary policy comments not an attack on BOE - Carney WASHINGTON Prime Minister Theresa May's comments on the distributional consequences of the Bank of England's low interest rate policy are not an attack on the central bank's independence, Governor Mark Carney said on Friday. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 6, 2016 Author Share Posted October 6, 2016 Hammond says will decide on any further QE 'carefully and cautiously' - CNBC WASHINGTON Any future decision on whether the British government should approve another round of quantitative easing to spur the economy will be taken "carefully and cautiously," Chancellor Philip Hammond said on Thursday. More QE pumping then! Quote Link to comment Share on other sites More sharing options...
darkmarket Posted October 6, 2016 Share Posted October 6, 2016 https://www.theguardian.com/politics/2016/oct/06/mark-carney-backs-prime-ministers-call-for-economic-shakeup Fortunately, the Bank's independence remains fully intact. Quote Link to comment Share on other sites More sharing options...
One-percent Posted October 6, 2016 Share Posted October 6, 2016 On 04/10/2016 at 8:58 PM, XswampyX said: Propaganda that the plebs can't understand = We dumbed down the population so much they can't understand our lies, so are working it out for themselves! Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 12, 2016 Author Share Posted October 12, 2016 Theresa May’s policies have 'echoes of the 1970s', says former Bank of England deputy Governor Quote Link to comment Share on other sites More sharing options...
billybong Posted October 12, 2016 Share Posted October 12, 2016 (edited) . Edited October 12, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
billybong Posted October 12, 2016 Share Posted October 12, 2016 (edited) On 06/10/2016 at 0:05 PM, zugzwang said: Bank of England to stop relying on data to make decisions. Use judgement instead. It suggests that the data shows that they should be doing something quite different from what they're doing. It suggests that the data shows that their policies have been an abject failure except for lining their own pockets. The government might as well be doing the job. Or Sooty and Sweep. Edited October 12, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
billybong Posted October 12, 2016 Share Posted October 12, 2016 (edited) On 04/10/2016 at 8:58 PM, XswampyX said: Propaganda that the plebs can't understand = We dumbed down the population so much they can't understand our lies, so are working it out for themselves! Tell big enough lies and even a dumbed down population will rumble them. Edited October 12, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 14, 2016 Author Share Posted October 14, 2016 BoE's Carney pushes back against criticism from PM Bank of England Governor Mark Carney hits back at criticism from Prime Minister Theresa May of the central bank's low interest rates, saying that he would not "take instruction" from politicians on how to do his job. Bank of England not indifferent to level of sterling - Carney Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 14, 2016 Author Share Posted October 14, 2016 UK economy doing better than expected - Bank Of England's Carney LONDON Bank of England Governor Mark Carney said on Friday the British economy had performed a bit better than the central bank expected and the BoE would also have to take inflation considerations into account. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 14, 2016 Author Share Posted October 14, 2016 Bank of England's Forbes - inflation could overshoot target "sharply" WARSAW Bank of England policymaker Kristin Forbes said inflation in Britain could "sharply" overshoot the BoE's 2 percent target, partly due to measures announced by the central bank in August to offset the impact of the Brexit vote. Quote Link to comment Share on other sites More sharing options...
One-percent Posted October 14, 2016 Share Posted October 14, 2016 1 minute ago, interestrateripoff said: BoE's Carney pushes back against criticism from PM Bank of England Governor Mark Carney hits back at criticism from Prime Minister Theresa May of the central bank's low interest rates, saying that he would not "take instruction" from politicians on how to do his job. Bank of England not indifferent to level of sterling - Carney is this the start of a genuine spat, or, theatre for the masses? isnt he tasked with keeping inflation at 2 percent? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted October 14, 2016 Share Posted October 14, 2016 18 minutes ago, One-percent said: is this the start of a genuine spat, or, theatre for the masses? isnt he tasked with keeping inflation at 2 percent? No more than his predecessor was! Remember, Mervo the Clown sat on his hands through 2011-12 when CPI was north of 5%. The Bank recently indicated that future policy will be determined by 'judgement' raher than data, so they're already rehearsing their excuses. Quote Link to comment Share on other sites More sharing options...
One-percent Posted October 14, 2016 Share Posted October 14, 2016 Just now, zugzwang said: No more than his predecessor was! Remember, Mervo the Clown sat on his hands through 2011-12 when CPI was north of 5%. The Bank recently indicated that future policy will be determined by 'judgement' raher than data, so they're already rehearsing their excuses. Ah, professional judgement, the get out clause and ticket for doing exactly what the feck you want. cheers for the info, it shows how much attention I paid, I thought that they had managed to manipulate the figures, esp CPI to keep it under the target. At least that is what it seemed when my nsi index linked bond suggest when it matured earlier this year Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted October 14, 2016 Share Posted October 14, 2016 My view is they probably want him [Carney] gone. However, he's playing them now! Quote Link to comment Share on other sites More sharing options...
billybong Posted October 14, 2016 Share Posted October 14, 2016 (edited) Quote Bank of England Governor Mark Carney hits back at criticism from Prime Minister Theresa May of the central bank's low interest rates, saying that he would not "take instruction" from politicians on how to do his job Not even the remit? Clear off back to Canada then. Clear off anyway as the BoE is clearly following policies that they've admitted via their BIS organisation which continue to fail except to line their own pockets. Edited October 14, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
billybong Posted October 14, 2016 Share Posted October 14, 2016 Quote LONDON Bank of England Governor Mark Carney said on Friday the British economy had performed a bit better than the central bank expected and the BoE would also have to take inflation considerations into account Because they don't look at the data? Whatever - they seem to be continually taken aback when the data does come through which for an organisation claiming to know stuff demonstrates extraordinary incompetence. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 17, 2016 Author Share Posted October 17, 2016 Pound's fall is a good thing according to Bank of England policy maker Weakened currency is an important ‘shock absorber’, Ben Broadbent says. It has already pushed up import costs and will feed through to shop prices over the next few months Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 17, 2016 Author Share Posted October 17, 2016 Itchy feet at Bank of England as staff eye exit door Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 17, 2016 Author Share Posted October 17, 2016 Bank of England sees little immediate harm from pension fund deficits LONDON British businesses have shown little sign of creating fewer jobs or investing less as a result of growing pension liabilities but the rules governing such funds may need to be tweaked, Bank of England deputy governor Ben Broadbent said on Monday. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 17, 2016 Author Share Posted October 17, 2016 BoE's Broadbent - won't risk economy to meet inflation target: BBC LONDON Bank of England Deputy Governor Ben Broadbent said the central bank would not raise interest rates for the sake of meeting its 2 percent inflation target if it risked hurting the economy, in an interview published on Monday. Quote Link to comment Share on other sites More sharing options...
cool_hand Posted October 17, 2016 Share Posted October 17, 2016 1 hour ago, interestrateripoff said: BoE's Broadbent - won't risk economy to meet inflation target: BBC LONDON Bank of England Deputy Governor Ben Broadbent said the central bank would not raise interest rates for the sake of meeting its 2 percent inflation target if it risked hurting the economy, crashing house prices in an interview published on Monday. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 17, 2016 Share Posted October 17, 2016 "7 Mar 2011 - Ben Broadbent, a senior economist at Goldman Sachs, is to replace Andrew Sentance on the Bank of ..." Perhaps, just my opinion, pethaps the fraud squad needs to get involved asap. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 17, 2016 Share Posted October 17, 2016 1 minute ago, satch said: Why not be honest and say; 'The central bank will never raise interest rates unless forced to do so and by forced we mean absolute last resort with a gun against our head and a rope around our necks.' Many a true word said in jest Quote Link to comment Share on other sites More sharing options...
billybong Posted October 17, 2016 Share Posted October 17, 2016 (edited) Quote LONDON Bank of England Deputy Governor Ben Broadbent said the central bank would not raise interest rates for the sake of meeting its 2 percent inflation target if it risked hurting the economy, in an interview published on Monday. He really needs to clear off to Canada with his side kick Carney - along with the BoE's detestable, wicked and crooked policies.. "If it risked hurting the economy" - that's rich considering the damage and wrecking they've done already - what he really means is if it risked not lining their pockets and their cronies pockets some more and if it risked them not being able to continue the self serving troughing as well as the thievery. They are such out and out crooks, thieves and fraudsters. Edited October 18, 2016 by billybong Quote Link to comment Share on other sites More sharing options...
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