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BOE member votes again for rate rise
Graham_Devon
Posts: 58,560 Forumite
Meanwhile, Mervyn King carries on saying the inflation is temporary. I'm wondering how loing temporary actually is now. It's been temporary for a long timeA member of the Bank of England's Monetary Policy Committee (MPC) has voted again for a rise in interest rates.
Minutes from the MPC's August meeting show Andrew Sentance voted to raise the Bank rate to 0.75% from the record low of 0.5%, citing high inflation.
It is the third month in a row that Mr Sentance has called for a rate rise.
The other MPC members at the meeting all voted for rates to be held at 0.5% for the 17th month in a row.
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what type of inflation do you think we are having at the moment?Graham_Devon wrote: »Meanwhile, Mervyn King carries on saying the inflation is temporary. I'm wondering how loing temporary actually is now. It's been temporary for a long time
do you think increasing rates will have much impact on food prices?0 -
1 voted against, 8 voted for the motion that was put to the MPC, that is interest rates and QE to remain unchanged.0
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Ever get the feeling the guy will keep voting up until everyone else does.0
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He's like the new anti-Blanchflower!0
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He's like the new anti-Blanchflower!
I was going to write similar
the thing is Blanchflower turned out to be 
and the rest :silenced: '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 -
Blanchflower was completely and utterly wrong.hewould have had us at 400 bill QE and in a whole world of hurt with the ratings agencies right now. That commie f*ck should p*ss off to zim.
Couldnt even stop his wife turning lesbian as well.0 -
Attention seeker.0
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Blanchflower was completely and utterly wrong.hewould have had us at 400 bill QE and in a whole world of hurt with the ratings agencies right now. That commie f*ck should p*ss off to zim.
Couldnt even stop his wife turning lesbian as well.
No he wasn't, just a question do you think interest rates should be significantly raised now. BTW more QE is still on the table.'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 -
It seems as though we have the "right sort of inflation."
Heaven only knows what the wrong sort of inflation is.0 -
Blanchflower would have had a great career as a comic, the man is a comedy genius, he says it all with a straight face, so dry!Escaped from Barnet to freedom in the South-East!0
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