Wednesday, April 18, 2007

Split vote as expected

Bank voted 7-2 to hold UK rates

Surprisingly Blanchflower did not vote for a cut.

Posted by holding out @ 11:31 AM (2853 views)
Please complete the required fields.



7 thoughts on “Split vote as expected

  • Why would that be surprising given that he’s only ever voted for a cut once in 10 votes and that was in March?

    Reply
    Please complete the required fields.



  • Blanchflower voted for a cut last month, so I wonder what changed his opinion this month. Perhaps he’s seen some changes in the price of electronic goods at Heathrow airport that he suspects may be inflationary.

    Reply
    Please complete the required fields.



  • I think it’s a suprise becuase he voted for a cut last month. At a time when it was least apparent. displaying his true colours.

    We’re gonna start seeing more bearish predictions and people praying for a stick, rather than a cut. a .5% increase is being suggested so that when the .25% comes it wont seem as bad. — people this month may run out and get a mortgage offer on a fixed rate – if the banks will give it to them.

    partiy’s over folks. won’t be posting on this site by the end of the year.

    Reply
    Please complete the required fields.



  • He also votes for hold when others vote to raise. What changed between March and April to make him change his mind ?

    Reply
    Please complete the required fields.



  • financial planner says:

    “The number of those in employment dropped by 47,000 in the three months to February”. Chuffin’ ‘ell! How many 2nd incomes will no longer be around now tro pay mortgages and high rents for BTLers. Perhaps props will be put up for sale…!

    Reply
    Please complete the required fields.



  • Do the MPC members vote independently of each other, or do they sit round a table and do a ‘show of hands’?

    Reply
    Please complete the required fields.



  • Too late!! Fixed Rate deals have already priced in the increase.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>