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Realistbear

M P C Preview : No Hike Because:

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http://uk.biz.yahoo.com/05072006/214/boe-p...-stay-hold.html

Wednesday July 5, 02:00 PM

BoE preview: Rates to stay on hold

LONDON (ShareCast) - The Bank (NASDAQ: TBHS - news) of England is widely expected to leave rates on hold for the tenth consecutive month when it publishes its decision tomorrow.
The central bank's Monetary Policy Committee, which is currently two members short of its usual nine, is expected to leave the base rate at 4.5%.
No current member of the MPC has actually voted to change rates for the last ten months, following the departure of the dovish Stephen Nickell in May and the death of the more hawkish David Walton last month.
Trevor Williams, chief economist, Lloyds TSB Financial Markets, "It's hard to imagine that tomorrow's base rate decision will be anything other than a hold, for the simple reason that there's just no need for a change."
"The direction rates could take is becoming much less obvious. The chances are, rates will be held for a few more months," added Williams.
The high street has endured a mixed month with the World Cup boosting sales of TVs, food and drink though other
retailers suffered
as Britons stayed away to watch the football.
Recent economic reports have seen a
rise in manufacturing activity
in the UK though growth in
construction has slowed down
.
Last month the Confederation of British Industry said interest rates need not rise,
despite inflation running above the government's target
, as
energy prices will begin to stabilise
.

Seems inflation is now sidelined as a factor that is taken into account?

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LONDON (ShareCast) - The Bank (NASDAQ: TBHS - news) of England is widely expected to leave rates on hold for the tenth consecutive month when it publishes its decision tomorrow.
No shi*!! I don't know why they bother meeting at all!

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Guest Bart of Darkness

No shi*!! I don't know why they bother meeting at all!

It gets them out of the house.

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There will be no rate hike because Gordon Brown 'owns' the members of the MPC. CPI is low because Gordon says so, it has become that type of economy, everything is deemed not calculated.

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They must be shi**ing their pants over the economy if they can't even notch it up by a quarter. If Prescock can lie so blatantly over his affairs what faith can any of us have over the ONS. NONE is the answer.

All the extra tax raised by raiding the oil companies has been put into a Halifax ISA so that it won't contribute towards inflation. How long will the British public put up with this nonsense.

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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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