Wednesday, May 24, 2006

New man on the MPC - Hawk or Dove?

BBC News: Bank appointee quizzed on rates

Prof David Blanchflower, due to take up his post on 1 June, told the Parliamentary Treasury Select Committee he had no preconceived ideas on the future of interest rates.

Posted by webmaster @ 04:36 PM (655 views)
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4 Comments

1. Inbreda said...

No idea?

Are we sure he's not a taxi driver that's just been mistaken for an economist?

No problem, no-one will notice.

Wednesday, May 24, 2006 04:47PM Report Comment
 

2. uncle tom said...

I can't quite get my head round the reasoning behind his appointment - the BOE apparatchiks are already somewhat divorced from reality - bringing in an American academic who's going to jet over once a month doesn't smack of an antidote..

However, from his responses to the MP's, I reckon he's going to go with the herd and not vote against the majority (at first, anyway).

Wednesday, May 24, 2006 05:06PM Report Comment
 

3. Paul said...

Personally I think they're all asleep at the wheel.

Or drunk in charge.

Everyone else is raising rates, so we're importing inflation and the government is fiddling the statistics *I mean recalculating inflation measures* to paint a rosy picture. In the background, inflation is soaring only there's a delayed effect because it doesn't translate into new wage demands yet.

Wednesday, May 24, 2006 06:19PM Report Comment
 

4. Rimmer said...

Paul

I agree, the basket of goods used to calculate inflation this year had Champagne added ( as we all drink Champagne daily naturally ), guess what alcoholic drink the chancellor didnt increase duty on this year - You got it.

Thursday, May 25, 2006 10:46AM Report Comment
 

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