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OECD: BOE Should Raise Key Interest Rate To 3.5% By End 2011
Comments
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tut !!!!
Back in 'my day' you got told off if they found you reading the sports pages on reuters. :a
nowadays you can waste 1/2 hour looking for a picture of a drawing pin and nobody cares :mad:
No wonder we are in such a mess !!!! :eek:
spoa ??
Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
SPOM onwards used to be the Baseball scores :T'In nature, there are neither rewards nor punishments - there are Consequences.'0
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They could be but it's unlikely. They are incredibly easy to collate I would imagine as they are based on numbers that need to be reported to the FSA for regulatory reasons and which will be audited both internally and externally.
Other things to watch for deflation are what is happening to the savings rate (that is average savings per household divided by average income per household), retail sales, unemployment and lastly and unsurprisingly, prices!
Given their consistency, I am inclined to agree they are unlikely to be anomolous. The only thing making me wonder whether they could be is that M4 appears to be the only consistent at this time! (shrug smiley).
However, if we see an increase in the savings rate, falling retail sales, rising unemployment or falling prices then we'll have possible proof! (NB I'm kinda just checking I understand here...;))It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
Could the M4 figures be an anomoly?
Historically the M's have been one of the most accurate indicators.
Whether or not the current climate of the BOE being the first last and only lender has distorted the way the number measures the movement of M only someone with a brain as large as the Gen could answer.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Interest rates need to be raised immediately to 3.5%, not in 2011. The BoE should no longer have independence to set their own interest rates, this decision should go back to the government. Otherwise, we will see inflation hitting 10% before long and those on pay freezes and pensions (or pension funds) with no indexation or 5% limited indexation will be hammered like never before.
It is not all about your personal circumstances, a large number of people need a job, if you think that the govt taking back interest rate decisions is the way to go, well your thought processes are malfunctioning :eek:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
my original view is that inflation was not going to happen - i'm being tempted into the inflation camp as i can't see how increasing imported costs are going to be avoided. currency devaluation obviously should cancel this out but i feel we'll still see inflation.
when i say inflation, i'm talking 5%-7% not 10%-20%!!!
Inflation could reach those figures in the short term but the main driver e.g, exchange rates will not go in one direction forever, so by definition if the inflation doesn't find its way into pay packets it will slow down in the medium term.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
PasturesNew wrote: »I want my interest back on my savings ..... I was robbed. You've benefitted. Now it's my turn again.
Bank rate up to 3.5% sometime soon - lets get a move on guys!
Last of my 6%+ 3 year bonds are maturing soon.0 -
Old_Slaphead wrote: »Bank rate up to 3.5% sometime soon - lets get a move on guys!
Last of my 6%+ 3 year bonds are maturing soon.
You should have taken the 4 year
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
PasturesNew wrote: »I want my interest back on my savings ..... I was robbed. You've benefitted. Now it's my turn again.
You've not been robbed.
You've chosen your investment vehicle and were aware of the returns.
It was your choice where to put your money.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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