Wednesday, September 6, 2006

Ah, inflation must be under control.. NOT

Bank set to leave rates on hold

The Bank of England is expected to leave interest rates unchanged when it makes its latest decision on Thursday.

Posted by kpjcomp @ 06:07 PM (581 views)
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5 thoughts on “Ah, inflation must be under control.. NOT

  • “BBC News: Bank set to leave rates on hold”
    Yes, but that’s what they said last time!

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  • Why is this news??
    It’s BBC non-news. Why don’t they report it when the decision is made. That would be a reporting of the facts.. “Bank set to leave rates on hold”??? that’s just conjecture.

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  • Yes, but they (and I..?) might be right this time..

    ,,Maybe!

    An interesting aside, but the gamblers in the market have a mean position that suggests a year-end rate of 5.25% as the most likely. I don’t agree that this is the most likely outcome, but it says quite a lot about sentiment.

    I do think that rates hitting 6% plus before the close of ’07 is far from the realms of fantasy however…

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  • this is not real inflation. Just watch food prices in the supermarkets…every little helps!

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  • there is something very lazy about this style of reporting. I agree with Adamuk. all this says is that “the MPC might not do something they havnt done yet. we think they wont (even though we were wrong big time before) so lets pretend its a done deal and report it as if its happened already”

    perhaps mystic meg just moved departments after she left the national lottery show

    BFS

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