Inflation may force Bank to raise rates

sabretoothtigger

I think more significant is recent pay rises in China. By sheer numbers and likely in future purchasing power also their inflation counts for more on any worldwide traded resource including capital costs maybe

latest round of strikes follows the huge 70pc pay rise offered to workers by iPod-maker Foxconn last week,

Honda announced it would resume production in Guangdong on Friday morning after settling two strikes by offering wage increases rumoured to be 24pc only to be hit by a third strike at a factory that makes locks for its cars

http://www.telegraph.co.uk/finance/china-business/7818406/China-faces-wave-of-strikes-after-Foxconn-pay-rise.html

chucky

JonnyBravo wrote: »

Oh yeah.... sad bitter wannabe's are the stuff of all mens dreams.



Oh poor ol' carolt. Clear for all to see she doesn't care.... at all.... really....
Still all stirred up from when she was exposed as a hypocrite clearly.

I'll take that as a "oh, erm, no I can't find where you denied owning a BTL.... drat..... still..... prices are dropping and Hamish is wrong"


:rotfl:

hi mr bravo,
could i invite you to a charity event that i'm organising.

it's a small contribution of your choice to a childrens charity if you are able to avoid reacting to the provocative nature of the previous posts that were directed at you. the time would 30 days.

Jesus fasted for 40 days and nights in the desert so there is no reason why we cannot abstain from these activities on MSE.
maybe there will be a miracle at the end of it all.

i am on day 6.

let me know what you think.
thanks,
C

doire_2

Really2 wrote: »

Forecast to fall tomorrow to 3.5% down from 3.7%.

Can't see them putting up rates when it looks like it has peaked and now falling.

Diesel and petrol have stated to come back down again also (diesel has come down 5p in the last week or so near me)

So because you say fuel has fallen in price near you that makes you think its falling everywhere else?

Its risen in my city by another 2p.

JonnyBravo

chucky wrote: »

hi mr bravo,
could i invite you to a charity event that i'm organising.

it's a small contribution of your choice to a childrens charity if you are able to avoid reacting to the provocative nature of the previous posts that were directed at you. the time would 30 days.

Jesus fasted for 40 days and nights in the desert so there is no reason why we cannot abstain from these activities on MSE.
maybe there will be a miracle at the end of it all.

i am on day 6.

let me know what you think.
thanks,
C

Hi chucky,

I'm afraid I rather enjoy showing up carolt's lies and could in no way promise not to expose her lies in the future. I wish you luck on your journey but will wlecome you back to the side of truth upon your return,

yours,

JB

HAMISH_MCTAVISH

Priceless.

Another carolt panic merchant thread destroyed by falling interest rates within days.

Really2

doire wrote: »

So because you say fuel has fallen in price near you that makes you think its falling everywhere else?

Its risen in my city by another 2p.

Check out the AA it has fallen by 3p by average across the UK, and that is on last weeks pricing.

Look like the figures released today kind of prove it is not increasing on average.

movilogo

I don't want base rate to rise as I have a tracker mortgage!

Heyman_2

HAMISH_MCTAVISH wrote: »

Priceless.

Another carolt panic merchant thread destroyed by falling interest rates within days.

Falling inflation even - but yeah, hopefully the whole 'interest rates shooting up' thing can be put to bed for at least another month until inflation rises by 0.1% or whatever....

sabretoothtigger

CPI was 0.1% less then forecast

RPI was 0.1% more then forecast


Still seems pretty high to me
CPI 3.5%
Core CPI 3%
RPI 5.1%

All of them are a long way from 0.5% so the base rate cant be correct seems to me


RPI was 5% in Aug 2008 when Oil was $130 a barrel and we got 2 dollars to a pound
Now oil is $77 a barrel and its 1.48 dollars to a pound

Core CPI had not run as high as the levels reached this year in recent history

CPI was last 3.4% in June 08, went upto 5% before falling back in Jan 09

lvader

There is some talk that inflation at around 4% is good in the current climate and I don't see it getting much worse than it is now. I'm not sure raising interest rates would help much with the current inflation anyway. Government cuts will help curb inflationary pressures. Eventually rates will go up, but it won't be done quickly and I don't think they will start this year. The US will move first so watch out for news there.