Thursday, Oct 05, 2006

Rates decision 'in the balance'

BBC: Rates decision 'in the balance'

"The Bank of England is expected to keep interest rates at 4.5% - but a rise is expected before too long." Check the headline "4.5%" just goes to show they regurgitate the same old drivel every month. They have corrected themselves in the main story but this is a true indicator of the level of journalism currently being employed at the BBC.

Posted by geed @ 03:18 AM (427 views)
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1. kpjcomp said...

I wonder if the BOE will take into account that Winter is coming?, that's when inflation is going to really bite. eg. people want money for Xmas, the effect of fuel increases take effect. etc.
Also I think the 0.25% increase has proved it's too little, look at what's happened in the States!!.

Thursday, October 5, 2006 11:36AM Report Comment

2. paul said...

Nope, they didn't take that into account.

In years to come, I think the current MPC will be accused of doing too little, too late to combat inflation.

Mervyn should start writing that letter to Crash Gordon right away.
A letter of resignation should be enclosed too.

Thursday, October 5, 2006 12:07PM Report Comment

3. inbreda said...

Don't be daft, he only has to hang around another year (what's that - 12 hours work?) and he'll be able to retire. Balls to his reputation, and I doubt if he is going to give a damn about his reputation. Nobody will know who he is on the sandy beach in the caribbean.

Thursday, October 5, 2006 03:42PM Report Comment

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