Bank of England's 'nerves' to be tested as inflation jumps most on record

carolt

http://www.telegraph.co.uk/finance/economics/interestrates/7025857/Bank-of-Englands--nerves-to-be-tested-as-inflation-jumps-most-on-record.html

Apologies as I've been away from here for a few days but am astonished to come back on here and NOT see this, which is clearly the most important economic news of the day and a harbinger of major changes to come, being debated to death on here.

Enjoy.

1984ReturnsForReal_2

This is where they put rates up .25% or .50%

sjaypink

Told you this board was dumbing down carol. They're all thickos :rolleyes:

Thrugelmir

sjaypink wrote: »

Told you this board was dumbing down carol. They're all thickos :rolleyes:

Read the BOE Reports. :rolleyes:

Here's a little excert from November's. You may find it educational reading.

Always a good idea to get ahead of events.

Overview of the Inflation Report
November 2009

The outlook for inflation
Chart 3 shows the Committee's best collective judgement of the outlook for CPI inflation, based on the same assumptions as Chart 1. Inflation is likely to rise sharply in the near term, primarily reflecting the reversal of the VAT reduction, while sterling's past depreciation continues to push up on inflation. Thereafter, downward pressure from the persistent margin of spare capacity is the dominant force. This pressure acts to bear down on CPI inflation, although it gradually fades as the economy recovers.

http://www.bankofengland.co.uk/publications/inflationreport/infrep.htm

sjaypink

Thrugelmir wrote: »

Read the BOE Reports. :rolleyes:

Here's a little excert from November's. You may find it educational reading.

Always a good idea to get ahead of events.



http://www.bankofengland.co.uk/publications/inflationreport/infrep.htm

Are you attracted to me? :A

carolt

I love the way they've been pushing deflation, as the excuse for 400-year lows in base rates, when next month Mervyn will have to write yet another little letter to Gordon. :rolleyes:

You might imagine they were pulling out all the stops to keep house prices propped up.

Obviously, nothing could be further from the truth.

carolt

sjaypink wrote: »

Told you this board was dumbing down carol. They're all thickos :rolleyes:

It's not so much dumbing down as disappearing entirely.

Where have all the Nice People gone?

Glad you're still here, sjay...

sjaypink

carolt wrote: »

It's not so much dumbing down as disappearing entirely.

Where have all the Nice People gone?

Glad you're still here, sjay...

I've scared them off

phil_b_2

carolt wrote: »

http://www.telegraph.co.uk/finance/economics/interestrates/7025857/Bank-of-Englands--nerves-to-be-tested-as-inflation-jumps-most-on-record.html

Apologies as I've been away from here for a few days but am astonished to come back on here and NOT see this, which is clearly the most important economic news of the day and a harbinger of major changes to come, being debated to death on here.

Enjoy.

What about this thread started at 10am with 4 pages and 68 replies:

http://forums.moneysavingexpert.com/showthread.html?t=2171977

carolt

What about it?

Why the hell did it end at 12.07pm?

Since when is some of the dross that's been posted on here in the last 10 hours of greater significance?

And most of the posts in that thread weren't even on topic...


So, phil, what do you think will be the impact of today's astonishing and unexpected record jump in inflation?

ses6jwg

Just moved half my instant access savings into Index Linked Certs.