Wednesday, August 17, 2011

Come back Sentance…

Bank of England MPC unanimous in holding interest rates

All nine of the Bank of England's Monetary Policy Committee (MPC) voted to keep interest rates on hold at its August meeting. Two members who had regularly voted for an increase to ward off rising inflation ditched their stance in the face of a weaker economic environment. The vote means interest rates are likely to stay at the current record low of 0.5% for the foreseeable future.

Posted by sibley's b'stard child @ 10:07 AM (1455 views)
Please complete the required fields.



4 thoughts on “Come back Sentance…

  • Sib’s you beat me to it ! – all 9 now singing from the same hymn sheet – I’ll let you do the honours with the unemployment stats which BBC radio 5 live have just described as grim on all measures.

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    Yup Jack, I guess Spencer and Weale just got sick of banging that drum. Either that or their re-education is complete.

    Reply
    Please complete the required fields.



  • ontheotherhand says:

    They are running out of tricks to stimulate borrowing and spending. With interest rates at 0.5%, what room have they got to slash if/when another global shock hits? What they are trying instead is signals and talk. In the US it was talk that they didn’t plan to raise interest rates for 2 years. Here, it was the reassurance that comes from 2 dissenters being converted. So instead of moving base rates as inflation soars, they’ll just signal instead by restoring an appropriate number of dissenters. CPI 6% = 2 dissenters voting for rises, CPI 7% = 4 dissenters voting for rises.

    Reply
    Please complete the required fields.



  • I read a quote from our beloved Chancellor yesterday stating that he will continue with his cost cutting measures which will allow the MPC to hold the low interest rates. Is this the only game in town now?

    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Your email address will not be published.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>