BOE member votes again for rate rise

chucky

stueyhants wrote: »

Call me suspicious but I think this one vote is just PR orchestrated by the committee as a whole.

i call you suspicious

Really2

sabretoothtigger wrote: »

Recover what, the boe is supposed to just maintain the currency not the whole economy, they control rates independently now but are still playing the game it seems, so whats the point.
If inflation is above his objective then its consistently failing so its a case of say one thing and do another, the plague of modern economics is mind games

Or either they see it as if they raise rates to bring down inflation, it pushes us back in to recession by increasing business costs and export costs, that makes the £ fall, inflation increases, so they then can't cut without inflation being even higher than it was.

sabretoothtigger wrote: »

The free market should set interest rates, we do agree. Do you think they'd set them to 0.5%
Im all for free money if it could be that way, if they carry on it'll only achieve the opposite

The free market does not/ should not set the central bank rate, the free market sets lending and deposit rates via interbank or retail.

Where can you get free money at the moment? it is already the opposite. (free market rates are far removed from BOE base)

doire_2

Sibley wrote: »

We need to keep rates as low as possible now. Give the working families a chance to clear any debts. That way it won't hurt anyone when rates rise. If the government had not taken these measures many would have lost thier homes. Now most have paid down their mortgages/credit and are sitting pretty. I think those hoping to see a lot of reposessions will have a nasty shock when they realize what a strong position homeowners are in now. Good on the government for choosing the working man for a change.

Its posts like this which lead me to believe Nollag has a multi