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BOE reveals split decision on IR

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https://uk.finance.yahoo.com/news/bank-england-reveals-split-opinion-115129477.html

Quote

Bank of England rate setters have sent mixed signals over whether to hike interest rates next month, pointing to the prospect of a split vote.

Michael Saunders, a member of the Bank’s nine member Monetary Policy Committee, brushed aside recent weak economic data, saying that the significance of the slowdown is “questionable”.

He added: “Economic activity in March, and especially retail sales, was hit by unusually heavy snow.

“Previous experience suggests that such snow effects typically reverse in the next month or two.”

 

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24 minutes ago, ccc said:

How can they have a split vote when there are 9 of them :huh:

It didn't say evenly split

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It must be "split" on most votes though ? I don't see why this is even a news story :lol:

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Most likely trying to talk up the chances of a rise and bring about the side effects of a rise, without actually raising the rate.  They've been doing that since forever.

 

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49 minutes ago, TonyJ said:

The £ is continuing down today. Not exactly crashing,  and has not yet broken its recent uptrend, but on its fourth day down. Nearly below $1.40 again..

But, plus or minus a little bit, basically unchanged on what it was about 2 years ago. What's the fuss then?

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9 minutes ago, Sour Mash said:

Most likely trying to talk up the chances of a rise and bring about the side effects of a rise, without actually raising the rate.  They've been doing that since forever.

 

Exactly, they're just playing to the crowd. There was even that interview a few years ago with an MPC member who said he was going to vote for a rate rise but only if enough of the other members were going to vote against it to stop it happening. So basically he didn't actually want rates to rise, he just wanted to vote that way to send a signal to the markets.

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31 minutes ago, North London Rent Girl said:

Hahaha, yes, quite - every blinking time, it's like watching a really sh it gameshow!

A good reason to vote anyone but Tory in May and hopefully it'lllead to the sacking of May and JRM becoming leader and him getting Carnage the boot or better still tried for treason.

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13 hours ago, TJHooker said:

A good reason to vote anyone but Tory in May and hopefully it'lllead to the sacking of May and JRM becoming leader and him getting Carnage the boot or better still tried for treason.

Monster Raving Looney Party 🤣

Lets have crazy people run the show... it might actually be better 

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5 hours ago, maverick73 said:

Monster Raving Looney Party 🤣

Lets have crazy people run the show... it might actually be better 

Yes the neoliberals and PPE traitors have done a grand job, anyone else must be deemed crazy.

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Looks like the governor decided to dampen expectations... funny enough the timing coincided with a trump tweet regarding high oil barrel prices, which would force inflation to continue its journey to the moon and beyond ;)

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4 hours ago, maverick73 said:

Looks like the governor decided to dampen expectations... funny enough the timing coincided with a trump tweet regarding high oil barrel prices, which would force inflation to continue its journey to the moon and beyond ;)

Hes spinning, trying to cover up a decision thatll be firced on him by the Fed tightening.

The uk economy is weak. But thats a result of gross over lending and 8m EE migrants and tax credits.

Uk has so many people but so few paying tax.

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3 minutes ago, TonyJ said:

So you think he is trying to make it look like the decision is under the control of the MPC rather than forced by US tightening? Makes sense.

I always suspect we will have interest rates rises late in 2018, maybe in 2019 or perhaps 2020 but then it will just be too God damn late

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20 minutes ago, TonyJ said:

So you think he is trying to make it look like the decision is under the control of the MPC rather than forced by US tightening? Makes sense.

I think hes spinning to rescue his reputation.

BoE recruiting the next head.

Canadian politics has mioed on and his legacy there - high house prices and higher debt - looks to be blowing up.

Id guess hell end up like Fred tge shred trying to polush a rep covered in his own sh1t.

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40 minutes ago, TonyJ said:

How do you think he is trying to save his reputation? By making it look like it was his (the MPC's) decision to raise rates, rather than being a one trick pony, who kept rates at zero, only to have a hike then forced on him by the Fed?

Hell be neworking like fux, saying its not his choice.

GS are a bust flush.

Canadas implosion was just delayed, not avoided.

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3 hours ago, spyguy said:

I think hes spinning to rescue his reputation.

BoE recruiting the next head.

Canadian politics has mioed on and his legacy there - high house prices and higher debt - looks to be blowing up.

Id guess hell end up like Fred tge shred trying to polush a rep covered in his own sh1t.

Nonsense his reputation is fine with the MSM, its only the few and far between dissenting voices who call him out for being the charlatan he is.

His next job will be lined up already, something which Fred with his taxpayer funded pension didnt seem to be too bothered about. 

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6 hours ago, TonyJ said:

The markets are pricing in a 50/50 chance in May. Maybe we should take that at face value. It's the closest thing we have to a prediction. 

If I recall correctly - there was a 50/50 chance in late 2013 and then 2014

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6 hours ago, warrior88 said:

If I recall correctly - there was a 50/50 chance in late 2013 and then 2014

I believe there is a history of "the market" incorrectly forecasting/assuming rate rises are coming, right back to the crisis back in 2008.

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On 4/21/2018 at 4:52 PM, TJHooker said:

A good reason to vote anyone but Tory in May and hopefully it'lllead to the sacking of May and JRM becoming leader and him getting Carnage the boot or better still tried for treason.

what a childish post 

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  • 301 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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