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The Bank of England... a shift is underway on interest rates it seems


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Broadbent notes a mismatch in the supply and demand for labour across the UK during the reopening process has helped put near-term pressure on wages, an important driver of inflation that the Bank cannot simply ignore.

"The behaviour of labour costs will for me be important in judging the appropriate stance for monetary policy. This won’t be straightforward," said Broadbent.

https://www.bankofengland.co.uk/speech/2021/july/speech-given-by-ben-broadbent-mismatch

https://www.poundsterlinglive.com/economics/15711-broadbent-warns-of-significant-inflation-but-is-coy-on-need-for-interest-rate-rises

Edited by gruffydd
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  • gruffydd changed the title to The Bank of England... a shift is underway on interest rates it seems
2 minutes ago, Si1 said:

They've just had a boot up the backside by the house of lords, I see.

Referencing wage inflation too I note... some of the big recruitment firms have been making "noises" in the media... their hand is being forced. 

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If the West does not control inflation, the developing world will descend into chaos.

Food and fuel inflation will ignite mass civil unrest. Supply chains will be further weakened and drive up assets prices even  more. The big players will invest in these rising commodities driving prices up yet again.

Killing them in Chad to save them in Chelsea.

 

They would have to be sadistic b******* not to raise interest rates.

 

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10 hours ago, gruffydd said:

Broadbent notes a mismatch in the supply and demand for labour across the UK during the reopening process has helped put near-term pressure on wages, an important driver of inflation that the Bank cannot simply ignore.

"The behaviour of labour costs will for me be important in judging the appropriate stance for monetary policy. This won’t be straightforward," said Broadbent.

https://www.bankofengland.co.uk/speech/2021/july/speech-given-by-ben-broadbent-mismatch

https://www.poundsterlinglive.com/economics/15711-broadbent-warns-of-significant-inflation-but-is-coy-on-need-for-interest-rate-rises

High house prices = higher wages later.

Trying to fudge it by letting in 15m-20m migrants who end up needing inwork subs is nuts.

 

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