Inflation may force Bank to raise rates

IveSeenTheLight

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

Well done chucky.
You'll be the better man for it.

Really2

lemonjelly wrote: »

You can't claim to be a smart @rse 2 months or more after the debate!:D

I'll maintain that at the time we debated prices were increasing.

I'll happily accept they've gone down since we debated this.

Oil went up by 2$ a barrel this week though, so I expect petrol prices will rise again soon;)

I can when I said the oil lows should be working out around may/june.:)
http://forums.moneysavingexpert.com/showpost.html?p=29118775&postcount=7

Really2 wrote: »

As I have said all this inflation will be out of the window when the VAT and the Oil Lows have worked out.
But if oil keeps dropping to $70 that could now be June.

FWIW I think we will stick around 3% for a bit now.

lemonjelly

Really2 wrote: »

I can when I said the oil lows should be working out around may/june.:)
http://forums.moneysavingexpert.com/showpost.html?p=29118775&postcount=7


FWIW I think we will stick around 3% for a bit now.

Perhaps we should forget all this debating & just arm wrestle?:D

Really2

lemonjelly wrote: »

Perhaps we should forget all this debating & just arm wrestle?:D

We could do, but I think that may be just a ploy so you can get your hands on me.:)

And before you ask mud wrestling is not going to happen either. (or oil wrestling:))

Generali

Really2 wrote: »

And before you ask mud wrestling is not going to happen either. (or oil wrestling:))

Heck, there go my plans for my next visit to the UK.

lemonjelly

Generali wrote: »

Heck, there go my plans for my next visit to the UK.

He's only speaking for himself gen, so you can keep your plans alive if you want...;)

aardvaak

carolt wrote: »

THE Bank of England could be forced to abandon its “highly expansionary” monetary policy — and raise interest rates — in the second half of the year, according to a member of its monetary policy committee.

Andrew Sentance, writing in The Sunday Times today, casts doubt on the Bank’s official view, which is that the spare capacity left over by the recession will bring inflation down.

He writes that there may be less spare capacity than thought and that it has had less impact than expected. Inflation, currently 3.7%, is higher than was expected by the Bank following the recession, and is higher than in other countries.

“As spare capacity has not exerted much downward pressure on inflation so far, there must be a high degree of uncertainty about its future impact,” said the MPC member.


http://business.timesonline.co.uk/tol/business/economics/article7148991.ece

Great news.