Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
We're aware that dates on the Forum are not currently showing correctly. Please bear with us while we get this fixed, and see Site feedback for updates.
Inflation outlook - from two years ago

Milarky
Posts: 6,356 Forumite


URL="http://www.marketoracle.co.uk/Article8004.html"]December 30, 2008[/URLThe Bank of England Inflation Forecast The Bank of England's inflation reports over the last 5-6 years have consistently forecast that UK inflation will hit 2% CPI in two years time, the same as the BOE forecast 2 years ago where UK inflation would be today, instead UK CPI inflation had soared to 5.2% for September's data. To date the Bank of England has only succeeded in hitting its inflation target for 5 months out of the 5 years that the BOE has been targeting 2% CPI inflation, the tendency has been for an average deviation of 0.8% from the Banks inflation target. Therefore this implies an inflation range expectation for 2 years forward of between 1.2% and 2.8% i.e. for inflation to either be significantly above the Banks target of 2% or significantly below the Banks target and is indicative of the continuing failure of the Bank of England to manage the UK's rate of inflation through the use of monetary policy which has contributed to the current severe economic bust. The most recent inflation report has deviated from the norm in suggesting that UK CPI Inflation will be at 1% in 2 years time and also fall to 1% by late 2009. However on past performance the Bank of England has consistently proven to be wrong in its inflation forecasts.
It looks that the MPC was only 180 degrees out....
5 months in the first five years (December 2003 - December 2008) - how have they performs in the last 24?
.....under construction.... COVID is a [discontinued] scam
0
Comments
-
Yes, yes, yes, that's all fine 'n dandy posting this, and I love you deeply for taking the trouble to reveal all this to us, but without an accompanying analysis from you, it's a bit limp.
But when you take into consideration the known knowns, and accept that the unknown can be known, before even considering the effect of the known unknowns on the known knowns, you have to take an ambiguous position on what they actually do know they don't know.
Simples.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 348.4K Banking & Borrowing
- 252.1K Reduce Debt & Boost Income
- 452.4K Spending & Discounts
- 241K Work, Benefits & Business
- 617.3K Mortgages, Homes & Bills
- 175.7K Life & Family
- 254.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards