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The MPC being grilled. It's a rerun of a session held in Apr.

The members look utterly incompetent and nervous about what they are being asked to do.

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The MPC being grilled. It's a rerun of a session held in Apr.

The members look utterly incompetent and nervous about what they are being asked to do.

What channel is that ?

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locked and loaded :P should be interesting viewing...

Its BBC parlament... Blanchflower is on talking about tweaking the system....

Edited by moosetea

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The MPC being grilled. It's a rerun of a session held in Apr.

The members look utterly incompetent and nervous about what they are being asked to do.

Ah thanks. This looks interesting! There is my friend blanchflower- he has a rather expensive looking watch, but quite a shoddy suit and tie :blink:

They don't look to serious- joking about quite alot.

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Comments on "The system works"... Hmmmm goes against modern management of continious change.... Ahhhh besley comes in saying things are constantly changing and it is 'dynamic'. Onto the letter writing, it can be routine. if its routine whats the point... Hmm tricky.... ;p

Edited by moosetea

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kate stumbling a little about the letter writing... attempt to restore credibility, but there hasnt been any change (loss) in credibilty, inflation due to energy inflation.... Remit isnt to stick to target because if you stick too hard to a target it can shock the system. The energy shock has had a big effect, no big shocks in the past 10 years...

Kate fell into a little hole over chancellor agreeing with MPC. Kate appears to be a bit of a spokes woman

Edited by moosetea

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Dr ANdrew Sentance just admitted he didnt know that the treasurary model was maintained externally when it was suggested the bank model could be maintained in a similar way.....

Im shocked, all economics students know that dont they? This guy has been working with the BOE 3-4 days a week, very blinkered.....

Blanchflower was shaky all the way through, didnt appear confident and was accused of not spending enough time with the MPC, working on other things? He denied it.

Edited by moosetea

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kate stumbling a little about the letter writing... attempt to restore credibility, but there hasnt been any change (loss) in credibilty, inflation due to energy inflation.... Remit isnt to stick to target because if you stick too hard to a target it can shock the system.

(see bold) fu** me!!! I wonder if I can get away with that comment with my boss if he ever asks why my targets have slipped??

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Kate should grow a beard, it would suit her i feel, maybe if it became uncomfortable for Gordy, then a moustache would be nice??? ;)

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(see bold) fu** me!!! I wonder if I can get away with that comment with my boss if he ever asks why my targets have slipped??

I agree with kate, it was a good answer. Shifting around quickly could shock the markets, add extra stress and reduce stability....

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I agree with kate, it was a good answer. Shifting around quickly could shock the markets, add extra stress and reduce stability....

I don't want to be funny, but CPI has been over the 2% "target" for long enough, they've had plenty of time to deal with it without shocking the markets.

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I don't want to be funny, but CPI has been over the 2% "target" for long enough, they've had plenty of time to deal with it without shocking the markets.

Im going to paraphrase badly.....but they said the higher inflation is down to the energy shock (and the effects on the rest of the basket?), there havent been any big shocks in the past 10 years, this one is extra ordinary. Lots of talk about not looking at the model as strickly, getting the balance right between external and internal, and and who should develops and maintain the model. Also there appeared to be alot on accounatbility of members and how much time they could dedicate to MPC, there was an agreement to send individual annual non public reports from each member. It was going to be public, until one member said it could distrupt the existing regular communiction, keeping it private wouldnt focus on the indidual reports,

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(see bold) fu** me!!! I wonder if I can get away with that comment [Kate Barker suggesting that the MPC isn't just basing IR decisions on inflation] with my boss if he ever asks why my targets have slipped??

If it was your boss who was slipping the targets, you'd get away with it.

Now I wonder who Barker's boss is ...

Edited by The Ayatollah Bugheri

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Merv no longer believes in a connection between credit expansion and rising asset prices,

Rising Credit supply?

Not going into Assets i.e. Houses?

Where else does it all go then?,

if not, how are house prices funded, with a few quid found down the back of a sofa??

This comment by the MPC holds no water!

:lol::lol:

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