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Pete95

Boe Determined On Inflation Target

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This is worrying. It sounds like the muppets truly are out of touch with reality. Too academic--no street smarts whatsoever. The ship is already sinking no point in making the breech any bigger just so it gets to the bottom a bit faster. Then again..................... :)

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"The momentum of growth in demand is stronger than the official figures are showing," he said, adding the bank therefore needed to be more "proactive" on interest rates.

Interesting

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Guest vicmac64
This is worrying. It sounds like the muppets truly are out of touch with reality. Too academic--no street smarts whatsoever. The ship is already sinking no point in making the breech any bigger just so it gets to the bottom a bit faster. Then again..................... :)

I want this treasonable ship of globalism to sink - long live the UK and the ordinary people of the UK - freedom is sweet!

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I guess they have to do something in anticipation of the inflation that will follow after they start pumping money into the markets.

As soon as HPI stops (which it already had) then people will no longer be able to MEW. This is a natural credit crunch and it should be enough to stop inflation in its tracks. Are further interest rises actually necessary at this point?

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This is worrying. It sounds like the muppets truly are out of touch with reality. Too academic--no street smarts whatsoever. The ship is already sinking no point in making the breech any bigger just so it gets to the bottom a bit faster. Then again..................... :)

you're not really eric cantona are you?

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This is worrying. It sounds like the muppets truly are out of touch with reality. Too academic--no street smarts whatsoever. The ship is already sinking no point in making the breech any bigger just so it gets to the bottom a bit faster. Then again..................... :)

what if this was their plan in the first place, induce boom and bust over and over again. So they and the rich can buy when cheap and sell when expensive.

Now that they have their cash, pump up interest rates to 10%, crash house prices by 60% and in a few years buy up dirt cheap property.

Repeat once every 20 years.

rob the sheep blind

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As soon as HPI stops (which it already had) then people will no longer be able to MEW. This is a natural credit crunch and it should be enough to stop inflation in its tracks. Are further interest rises actually necessary at this point?

not everyone has MEW to 100% the value of their property, most haven’t.

so there is a lot more MEW left on the table, to stop that you need to tighten credit so banks don’t let people easily MEW and perhaps increase interest rates so less people MEW

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not everyone has MEW to 100% the value of their property, most haven’t.

so there is a lot more MEW left on the table, to stop that you need to tighten credit so banks don’t let people easily MEW and perhaps increase interest rates so less people MEW

True .

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True .

Of course, they also need to keep the pound strong, because if that devalues quickly they will have other problems to contend with.

To be honest, it is too little too late. They are damned if they do and damned if they don't.

Edited by Adrian Allen

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Of course, they also need to keep the pound strong, because if that devalues quickly they will have other problems to contend with.

To be honest, it is too little too late. They are damned if they do and damned if they don't.

I think you've hit the nail on the head here.

The BoE will know that if they even give a hint that they will lower IRs, Sterling will collapse (and inflation will take off). They really are between a rock and a hard place. I suspect rates will stay where they are for a couple more months, then rise to 6% as soon as there's a lull in the credit storm. There certainly won't be any quick easing of policy...

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"But he said the bank's view was that global growth still had a lot of pace and policymakers were determined to get inflation back to a 2 percent target."

This 2% target is proving as elastic as a London Underground minute, as a MetroNet target completion date.

How useless exactly is Her Majesty's Loyal Oppisition? Why is a forum patronised by highly opinionated yet surprisingly literate nom-de-plumes (who are probably yet to achieve their majority in the greater part if experience is any guide) able to identify, air matters of public interest, matters that ought to have the Chancellor (and the previous incumbant) both held to ridicule and lampooned from the broadsheets to the red-tops to the schoolyard - why is it exactly that there is zero debate about this in either house? Was the invitation insufficiently signed? Was it mal-addressed (no, this cannot be it - we know that the head and platter both were correctly engifted to the WebClot earlier).

Is the centralisation of motorcycle test facilities really so earth shatteringly important? Is criminal damage - even graffiti - really a priority that needs head-of-line treatment in this of all weeks, the last before Summer Recess? The collection of biometric data in schools? Is there no room, in this whole week, for robust and public debate, the hounding out of office of the Great Buffoon and his Darling assistant?

How can we vote for you? How can we follow you? You have no spine and the mental acuity of a verruca.

Wake up. Own up. Grow up. And go do your damn jobs.

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