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Realistbear

O E C D Reminds Bo E To Do Their Duty And Be "vigilant"

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http://today.reuters.co.uk/news/articleinv...-BOE-URGENT.XML

Reuters

Bank of England must be vigilant - OECD
Tue Sep 5, 2006 10:44 AM BST164
PARIS, Sept 5 (Reuters) - The Bank of England's monetary policy has been effective in the past, the Organisation for Economic Cooperation and Development (OECD) said on Tuesday, adding that the central bank had to be vigilant.
"The Bank of England
must
be vigilant," an OECD official told a news conference.

A mildly worded suggestion not to sit on their backsides to keep Gordon's miracle alive? If the OECD actually believed Gordon's CPI data they would surely not be issuing such direct warnings.

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I think the committee know (with the exception of the new guy) that they should raise again,all indicators are crying out for another rise.But with a whole year of inactivity they are going to look pretty silly going back to back.They will try and save face by delaying another month.

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Forgetting CPI and using the RPIX index and the old target of 2.5% +/-1%, inflation is still well under control. Even including mortgage interest payments the RPI is only at 3.3%, hardly back to the bad old days.

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Forgetting CPI and using the RPIX index and the old target of 2.5% +/-1%, inflation is still well under control. Even including mortgage interest payments the RPI is only at 3.3%, hardly back to the bad old days.

True, but inflation has been likened to toothpaste. Once it's out of the tube, it's very hard to get it back in

Best to be hawkish with it in the 1st instance

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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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