Wednesday, May 16, 2012

Search me Guv”

Summary of May Inflation Report

"The single biggest threat to the recovery stems from the challenges within the euro area, in particular the need to reduce the indebtedness and improve the competitiveness of some member countries. ...As was the case in past Reports, the MPC sees no meaningful way to quantify the size and likelihood of the most extreme possibilities associated with developments in the euro area, and they are therefore excluded from the fan charts. But the threat of these more extreme outcomes is likely to affect economic activity over the forecast period, for example through its effect on asset prices, including the exchange rate, bank funding costs, and confidence; such effects are captured in the MPC’s projections."

Posted by techieman @ 11:43 AM (1375 views)
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3 thoughts on “Search me Guv”

  • sibley's b'stard child says:

    Also worth noting that average wage inflation is down to 0.6% from 1.1%

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  • general congreve says:

    So real standards of living and the value of the pound in peoples pockets are still decreasing. Well done Merv, you’ll have the debt paid off in no time, job well done.

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  • I watched the presentation this morning and concluded that it was little more than a flight of fancy based upon aims and objectives that could be anticipated if you ignored everything negative.
    What can possibly be wrong with that?

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