Wednesday, Nov 22, 2006

MPC minutes released

BBC: Bank voted 7-2 for rate increase

7 to 2 - It ain't just Blanchflower

Posted by holding out @ 10:57 AM (607 views)
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1. denzil said...

I love the way the BBC describe 7 votes to 2 as a close call.

Wednesday, November 22, 2006 11:15AM Report Comment

2. Kirsty said...

the "close call" refers to whether rates will go to 5.25%, not the 7-2 decision.suggest you read more carefully in future.

Wednesday, November 22, 2006 11:43AM Report Comment

3. C'mon Correction said...

What economic events would have to happen in order for David Blanchflower to vote for a rate hike????

Surely he is such a Nu Labour dove, that it is useless to have him on the Board?

Wednesday, November 22, 2006 12:19PM Report Comment

4. Kirsty said...

please read the article properly. the "close call" refers to whether or not interest rates will rise any further. they are not referring to the november mpc meeting.

Wednesday, November 22, 2006 12:40PM Report Comment

5. Albertini Albertino said...

I think the 'close call' bit describes whether they think IRs will be 5% or 5.25% through 2007. Can anyone, however, explain to me how the MPC vote works? Do they just vote on "status quo or +0.25%", or can they vote on "status quo, +0.25% or +0.5%"?

Or even "status quo, +0.5%, +1%, + ONE MILLION PER CENT".

Wednesday, November 22, 2006 12:54PM Report Comment

6. tyrellcorporation said...

C'monCorrection... Not useless as a Crash Gordon stooge though!

Wednesday, November 22, 2006 01:27PM Report Comment

7. P. Doff said...

Kirsty. I interpret the final paragraph as:- the 7-2 decision was a close call and because of this there is a strong possibility of a further increase to 5.25%

Wednesday, November 22, 2006 03:39PM Report Comment

8. tyrellcorporation said...

Blanchflower, Darling and Ladyman... What the hell is going on?!?

Wednesday, November 22, 2006 04:01PM Report Comment

9. denzil said...

Kirsty said:
>>the "close call" refers to whether rates will go to 5.25%, not the 7-2 decision.suggest you read more carefully in future.

Point taken and you are correct. No doubt I switched off when reading Howard Archer's name. I will pay more attention next time.

Wednesday, November 22, 2006 04:11PM Report Comment

10. paul said...

Thanks Kirsty for putting us in the right.

When are you going to eat your hat then Ms Allsopp?

Wednesday, November 22, 2006 07:39PM Report Comment

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