Realistbear Posted September 5, 2006 Share Posted September 5, 2006 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. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted September 5, 2006 Share Posted September 5, 2006 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. Quote Link to comment Share on other sites More sharing options...
atp_uk Posted September 5, 2006 Share Posted September 5, 2006 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. Quote Link to comment Share on other sites More sharing options...
Willy Weasel Posted September 5, 2006 Share Posted September 5, 2006 What an odd article - it seems very short. I think the Bank will raise 0.25%. I'm off to check the odds on Betfair Quote Link to comment Share on other sites More sharing options...
jp1 Posted September 5, 2006 Share Posted September 5, 2006 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 Quote Link to comment Share on other sites More sharing options...
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