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As Predicted - No Change In Base Rates

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Merv and the lads know that they have no control over the market forces that Gordon has unleashed after a decade of uncontrolled credit and record borrowing. The BoE could have done very little with a boss bent on creating miracles.

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BOE decissions have NO IMPACT ON INFLATION..

Actually, they do. They can't influence oil and food costs, but they can influence wage agreements. Companies won't hike up their wages to match inflation, because the cost of borrowing is prohibitive, so they will keep pay agreements low. People will just have to tighten their belts, it's a lot better than having a wage price spiral like the 1970s. We've had it very good for ten years, but the sheeple need to understand that times will be tough from now on.

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Actually, they do. They can't influence oil and food costs, but they can influence wage agreements. Companies won't hike up their wages to match inflation, because the cost of borrowing is prohibitive, so they will keep pay agreements low. People will just have to tighten their belts, it's a lot better than having a wage price spiral like the 1970s. We've had it very good for ten years, but the sheeple need to understand that times will be tough from now on.

No they dont as if they did we would see an interest rate rise..

Inflation is now caused by India and China's demand for world resources.

The FED rate rise , would control inflation,, BOE is just peeing in the wind.

Edited by 234SALE

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im watching how the ftse reacts. if it falls badly then this proves that the model relies on printing money and doesnt work.

if it remains stable or rises then you can conclude that its balanced.

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No they dont as if they did we would see an interest rate rise..

Inflation is now caused by India and China's demand for world resources.

The FED rate rise , would control inflation,, BOE is just peeing in the wind.

Yes they do. If they put rates up to 10% today, UK inflation would be lower in six months time than it would be if they kept them on hold at 5%. They do not want to put rates up to 10% today because to do so would cause a very nasty recession.

UK inflation is not caused solely by movements in the dollar price of commodities, even in the short run. It depends on movements in sterling too, and at longer horizons it depends on a whole host of things.

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im watching how the ftse reacts. if it falls badly then this proves that the model relies on printing money and doesnt work.

if it remains stable or rises then you can conclude that its balanced.

City expected rate hold as we all did..

Shock raise or Cut would push the ftse down faster

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Guest The_Oldie

No large swing in Sterling, which would indicate that the market had expected no change.

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Yes they do. If they put rates up to 10% today, UK inflation would be lower in six months time than it would be if they kept them on hold at 5%. They do not want to put rates up to 10% today because to do so would cause a very nasty recession.

UK inflation is not caused solely by movements in the dollar price of commodities, even in the short run. It depends on movements in sterling too, and at longer horizons it depends on a whole host of things.

We'll a full blow recession is comming...

BOE interest rate decision of plus or minus 50 basis would of made no difference to the impact of inflation.

It would of just sent the FTSE down by 3-5%

As to 5% increase in interest rates this would kill inflation and 15% of the population.

Edited by 234SALE

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As Predicted - No Change In Base Rates, No surprise here - nothing to see - move on

So is it in order to Ignore this thread? :unsure:

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CPI is 3.3% and so 65% over target (and the 2% target is generous already.)

The MPC hasn't used the only weapon in their arsenal - interest rates.

Conclusion: They don't care about inflation and never have. This daylight robbery; your money is losing value and they don't care.

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  • 399 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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