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maffo in oxford

Bank of England holds rates

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22 minutes ago, hurlerontheditch said:

that'll be the song on their hymn sheet I assume!

Unless the £ tanks and then they might have to raise rates or it could drastically increase import costs.

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I forgot that it was even that day of the month.

No news "BoE is widely expected to hold" story on the radio this morning; no mention of it at all.

Completely different to last month, and all the previous months.

 

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20 minutes ago, hurlerontheditch said:

UK inflation rate for August unexpectedly rises to 2.7%, highest in six months

 

be interesting to se what they do at the next meeting

Nothing.....the only way inflation affects (income stalls) if carry on spending what have always done, doing things the way have always done.....can't save money by spending it.;)

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27 minutes ago, hurlerontheditch said:

UK inflation rate for August unexpectedly rises to 2.7%, highest in six months

 

be interesting to se what they do at the next meeting

Oh goody, lets hope it goes up again in September as that is used to calculate Pension and Benefit rises.

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29 minutes ago, hurlerontheditch said:

UK inflation rate for August unexpectedly rises to 2.7%, highest in six months

 

be interesting to se what they do at the next meeting

Hold was the wrong call.

BoE are far behind the curve.

They needed to raising. Just 0.25 every other month.

The BoE *cannot* set UK rates lower than the FED - £ tanks.

Maybe need some weasel words - not raising, aligning BoE rates with the ambient world rates??

 

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9 minutes ago, hurlerontheditch said:

the reasons for not already started

Ah welcome to world of dumb economics - if you exclude the things that make up the inflation index then inflation did not go up.

They went up as the £ pound fell.

The £ fell as the US offers abetter risk free return.

 

 

 

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They'll stick until it's absolutely necessary to raise rates. They haven't followed the Fed because they can't; the whole house of cards would come crashing down.

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Quote

If you exclude volatile items such as food and fuel (core inflation), the consumer prices index only rose by 2.1 per cent in the year to August. So not necessarily a justification for further rises in interest rates any time soon.

— Andrew Verity (@andyverity) September 19, 2018

Except that Brent crude has been around £60bbl for the last six months.

Not volatile at all, just very expensive.

stagflation.gif

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3 hours ago, hurlerontheditch said:

UK inflation rate for August unexpectedly rises to 2.7%, highest in six months

 

be interesting to se what they do at the next meeting

...and that +2.6% average earnings read for July 2018 more than disappears in a puff of inflation...

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3 hours ago, hurlerontheditch said:

the reasons for not already started

20% to 40% of good food is wasted....to keep prices high, cut out waste then inflation would not be so high...... the indebted thrive on inflation.....the rest can shop around.;)

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  • 259 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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