rhino Posted December 21, 2005 Share Posted December 21, 2005 http://news.bbc.co.uk/1/hi/business/4550328.stm Amazing spin! One member wants a cut and that gives rise to the title "Bank minutes build rate cut hopes". Hopes are just that. I could see that if three members wanted a cut, that might build hopes, but one? Only for the most keen variety of hopers. Quote Link to comment Share on other sites More sharing options...
teddyboy Posted December 21, 2005 Share Posted December 21, 2005 http://news.bbc.co.uk/1/hi/business/4550328.stm Amazing spin! One member wants a cut and that gives rise to the title "Bank minutes build rate cut hopes". Hopes are just that. I could see that if three members wanted a cut, that might build hopes, but one? Only for the most keen variety of hopers. The Sunday Sports headlines have more credibility than the BBC's Quote Link to comment Share on other sites More sharing options...
BandWagon Posted December 22, 2005 Share Posted December 22, 2005 (edited) This is what it should have said: Bank minutes build rate cut fears. Minutes released by the Bank of England today showed a dissenting member who voted for a rate cut. This would have a terrible impact on the British economy, further fueling already rampant asset inflation and encouraging heavily indebted and irresponsible consumers to borrow more. This would have the further impact of adversely affecting those members of society who believe in living within their means, and saving, which in turn drives economic investment. The dangers of continuing to inflate an already overvalued housing market should not be taken with anything but the greatest caution... etc... Edited December 22, 2005 by BandWagon Quote Link to comment Share on other sites More sharing options...
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