Wednesday, May 24, 2006

New man on the MPC – Hawk or Dove?

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 (689 views)
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4 thoughts on “New man on the MPC – Hawk or Dove?

  • 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.

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  • 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).

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  • 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.

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  • 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.

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