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BOE FOCUS-Higher rates loom as BoE's credibility questioned
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Post Number 9 has the answerGraham_Devon wrote: »How does keeping rates at 0.5% help the situation in regards to inflation?0 -
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It does. If you can't figure it out or don't understand different types and causes of inflation that is something else.Graham_Devon wrote: »No it does not. Doesn't answer anything.
How specifically will 0.5% rates help inflation reduce now, and in the near future?0 -
It does. If you can't figure it out or don't understand different types and causes of inflation that is something else.
the different types of inflation have been explained to you on numerous occasions
How specifically will 0.5% rates help inflation reduce now, and in the near future?0 -
i'll try again for the hard of reading like you devon.Graham_Devon wrote: »How specifically will 0.5% rates help inflation reduce now, and in the near future?
the causes of inflation have little to do with a 0.5% base rate.
raising rates will have very little impact on on current inflation drivers.
it looks like it's going to be another Devon thread that will go on for 18 pages trying to explain something to him...
the different types of inflation have been explained to you on numerous occasions.
why don't you understand anything that is explained to you?0 -
How does keeping rates at 0.5% help the situation in regards to inflation?
It doesn't help the situation, but then again it doesn't hurt either.How specifically will 0.5% rates help inflation reduce now, and in the near future?
It won't.How specifically will 0.5% rates help inflation reduce now, and in the near future?
It won't.
How many times did you ask the same Q ? I lost track :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
It doesn't help the situation, but then again it doesn't hurt either.
It won't.
It won't.
How many times did you ask the same Q ? I lost track :eek:
Until chucky answered, and basically stated "it doesn't help".
It's ok going round stating that pushing interest rates up won't help inflation, but thats ignoring the fact that the 0.5% rates we have right now don't help inflation either.
Does help homeowners, and that's the sole reason a lot of people don't want them to rise, it's nothing to do with inflation when it comes to discussing this on a forum, it's all about what you want for your mortgage.
Something needs to be done about inflation. Oil is rocketing again today, once again nearer the $100 a barrel for Brent Crude.
If upping interest rates pulls the pound up a little, then that will help inflation. Not solve it, but maybe help reduce the rate of acceleration.
People are starting to get panicky now....not so much about higher rates, but panicky about a sudden large increase in rates, as the BOE has simply sat ont he fence again and then has it's hand forced, and has to suddenly hike to resolve a situation that has been bubbling for long enough.
The key that the BOE have got it wrong so far, so should probably look at alternatives is the constant (over the last 1.5 years) talk of inflation merely being temporary. We were supposed to be well under 2% inflation by now. Instead, were nearly double.
Sitting on the fence isn't working. It's being noticed now. Holding rates at 0.5% does nothing to combat the pace of increase in inflation. A rise in rates, may.
You can do all you like to try and knock the discussion down a level, but at least I'm discussing. Last time you did this, I posted up BOE comments on interest rates vs exchange rates and you simply left.0 -
...or may not.Graham_Devon wrote: »A rise in rates, may.
I agree with the point you're trying to make Graham, and I agree you had to repeat the question because no-one answered. But you're missing the other side of the coin too mate.
chucky's reply's imply that raising IR's would be bad.
Your responses imply not raises IR's will be bad.It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
PS oil is rising owing to issues in Alaska related to pipelines I believe.
That is likely to be inflationary, but raising interest rates ain't going to fix a pipeline problem.It's getting harder & harder to keep the government in the manner to which they have become accustomed.0
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