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Jason

Shadow Mpc In Three-way Split

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http://www.economicsuk.com/blog/000289.html

The results of the latest Shadow Monetary Policy Committee (SMPC) quarterly meeting and supplementary e-mail poll for the Sunday Times are set out below.

The rate recommendations are made ahead of the Monetary Policy Committee (MPC) rate decision to be announced on Thursday 9 February. On this occasion, four SMPC members voted to hold rates on 9 February, three voted for a ¼% reduction, and two voted for a ¼% rise.

The SMPC itself is a group of independent economists drawn from academia, the City and elsewhere, which gathers once a quarter at the Institute of Economic Affairs (IEA) in Westminster, to monitor UK monetary policy. The inaugural SMPC meeting was held in July 1997, two months after the Bank of England was granted operational independence, and the Committee has met almost every quarter since.

They just can't decide can they!

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They are starting to realise that things have gone pearshaped. Raise rates and HPC happens. Lower rates and the pound tanks. Do nothing and both happen anyway! The price of Gordon's miracle economy I am afraid--confusion as they try to prepare for the aftermath of years of irresponsible fiscal management. At least Al is there to guide them!

HPC 2006.

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They are starting to realise that things have gone pearshaped. Raise rates and HPC happens. Lower rates and the pound tanks. Do nothing and both happen anyway! The price of Gordon's miracle economy I am afraid--confusion as they try to prepare for the aftermath of years of irresponsible fiscal management. At least Al is there to guide them!

HPC 2006.

The £ has been tanking today: -1%.

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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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