Lifes a game Posted October 28, 2014 Share Posted October 28, 2014 BOE Yesterday says "We must raise interest rates now"http://www.telegraph.co.uk/finance/economics/11189402/We-must-raise-interest-rates-now-says-Bank-of-England-hawk.html And today they say "Keep interest rates low for longer"http://www.telegraph.co.uk/finance/bank-of-england/11193978/Keep-interest-rates-low-for-longer-says-Bank-deputy.html To be fair its Cunliffe vs McCafferty speaking but seems like they'll still be split for some time. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 28, 2014 Share Posted October 28, 2014 It's to keep up the pretence that they are having a genuine debate about bankrupting the country. Quote Link to comment Share on other sites More sharing options...
Venger Posted October 28, 2014 Share Posted October 28, 2014 Probably deliberate. Too many VI used to cuddles and bailouts. Dep Gov Broadbent also stepping back from the wider view that BoE decides everything in economy.. creates jobs, sets asset prices etc etc. Central Banks Ending Era Of Clear Promises, Return To 'artful' PolicyJul 07 2014The world's major central banks are returning to a more opaque and artful approach to policymaking, ending a crisis-era experiment with explicit promises that they found risked their credibility and did not substitute for action.From Washington to London to Tokyo, the global shift from transparency to flexibility underscores the challenges central bankers face as they test the limits of what monetary policy can achieve.The return to a more traditional policymaking approach and nuanced statements will challenge the communication skills of central bankers who have been chastened in the last year after some too-specific messages confused and disrupted financial markets.http://www.housepricecrash.co.uk/forum/index.php?/topic/199588-central-banks-ending-era-of-clear-promises-return-to-artful-policy/ There was no single message, but rather a succession of contradictory signals, pulling the syntax ofthe game to and fro and to and fro until the common understanding the other players had reached beganto fatigue and tear and split. -Player of Games. Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted October 28, 2014 Share Posted October 28, 2014 My first action as PM would be to gleefully send a few P45s down Threadneedle St. Quote Link to comment Share on other sites More sharing options...
winkie Posted October 28, 2014 Share Posted October 28, 2014 Doubt we will take the lead in this, desperately trying to balance the odds by purposely confusing the situation......up to others to lead, we will reluctantly follow them. Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted October 28, 2014 Share Posted October 28, 2014 BOE Yesterday says And today they say To be fair its Cunliffe vs McCafferty speaking but seems like they'll still be split for some time. It's Schrodinger economics. We are going to both keep rates low for longer and raise rates soon. Whilst the economy continues to create real wealth for working people whilst incomes fall and we undergo fiscal austerity whilst growing the budget deficit. For heaven sake don't ever observe the economy though, it will pop the quantum bubble. Quote Link to comment Share on other sites More sharing options...
Corruption Posted October 28, 2014 Share Posted October 28, 2014 My first action as PM would be to gleefully send a few P45s down Threadneedle St. Millipedes will be to beg them to keep rates at zero for 5 more years. Quote Link to comment Share on other sites More sharing options...
FallingAwake Posted October 28, 2014 Share Posted October 28, 2014 I know it's a cliche round here, but watch what they do, not what they say. Words coming out of a mouth is not the same as actions. I'd like to see a fan chart of their predictions for when they'd raise interest rates. Quote Link to comment Share on other sites More sharing options...
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