Wednesday, Oct 18, 2006

Split decision

BBC: Bank divided over interest rates

7-2 In favour of the status quo - According to minutes

Posted by holding out @ 10:05 AM (1888 views)
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1. nick said...

She thinks she is out of the woods, try looking at the trees, she is still has huge debt, or maybee going online on the BBC has made her creditors all as gooey as mars bars over her plight

Wednesday, October 18, 2006 10:57AM Report Comment

2. kpjcomp said...

> the bulk of seven members that voted in favour of the hold agreed on the arguments for raising rates,
> but were concerned that such an unexpected hike could wrongly boost market expectations of further moves.

I thought that was the point, the markets need cooling. For god sake MPC, wake up and remember what your sopposed to be doing.
Well I soppose now we know what the banks job is, "To keep the markets happy".

Wednesday, October 18, 2006 12:21PM Report Comment

3. financial planner said...

Bang goes the crap theory accepted as gospel by 90% of HPC posters that G Clown Esq controls the MPC - as I have argued vehemently.

Wednesday, October 18, 2006 12:38PM Report Comment

4. Sam said...

yeah, I noticed that too. It's weird though, the effect of changes don't really kick in for months'years. and this month on month analysis is kinda over acting it's short term relevence.

both the ECB and FED are talking about increasing IRs in the long term, our lot are being to touchy feely, or just scared.

Wednesday, October 18, 2006 03:11PM Report Comment

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