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MSE News: Inflation hits five-year low

24

Comments

  • lethal0r
    lethal0r Posts: 408 Forumite
    another reason to increase base rate
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    lethal0r wrote: »
    another reason to increase base rate

    You decrease base rate when inflation is falling not increase it.
    That would make deflation worse.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    On the above point.

    Is 0.25% BOE base rate now going to be a very real possibility?
  • mbga9pgf
    mbga9pgf Posts: 3,224 Forumite
    Really2 wrote: »
    On the above point.

    Is 0.25% BOE base rate now going to be a very real possibility?
    Nope. More QE will be likely though. Hence the reaction of CABLE.

    Until they get money velocity up (yeah right, like that happens with rising unemployment), falling prices are increasingly likely. Unless they devalue to such an extent that import prices rocket. I alway laugh at this. They see stable low inflation as a good thing. How they achieve that doesnt seem to matter. The fact we are all spending more on a litre of imported petrol, or more on imported food and clothing does not a recovery make. :rotfl::rotfl::rotfl:

    Wage inflation? Not on your nelly.
  • Really2 wrote: »
    On the above point.

    Is 0.25% BOE base rate now going to be a very real possibility?

    well it has certainly turned the tide back that way

    SS futures are higher
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    So, with base rates at 0.5%, a devalued pound, and higher oil prices, CPI is now down to 1.1%.... And RPI is -1.4%.

    Glad we didn't listen to the morons calling for rate rises all this year.:eek:

    The BoE nailed it with that call, strong deflationary pressures, QE was the right thing to do, and no way we'll be seeing rate rises any time soon.

    You're going to look like such an absolute nob a year from now.
  • You're going to look like such an absolute nob a year from now.


    what do u mean by 'a year from now' !! :D:cool:
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • michaels
    michaels Posts: 29,172 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    That's it - time to scrap that expensive service from Reuters and put the MSE forum on to all the desktops...
    its not released until 9.30am.... how do u know this ???
    I think....
  • michaels wrote: »
    That's it - time to scrap that expensive service from Reuters and put the MSE forum on to all the desktops...

    prob not best thing to do
    Really2 got them wrong first time round !!:D
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • michaels
    michaels Posts: 29,172 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Of yeah - just spotted the edit - so was Mr Really2 using the forum to pump'n'dump...a little immoral methinks unless he sends us all a share of whatever he made trading cable this morning...
    I think....
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