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BOE Now Expected To Hike Later Post Poor GDP Data
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oh yes, the spare capacity that just sits there waiting in the wings for demand to come back - the truth is the BOE nor anyone else can measure the "output gap" sufficiently to ever really know what capacity utilisation is
also some of that capacity has been destroyed as it becomes uneconomical to maintain idle factories which become mothballed for example
Bit like Tunisia, they had tons of spare capacity, over 30% unemployment, didn't stop inflation there though. No doubt their coutry is littered with idle factories too, just like oursHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
RenovationMan wrote: »I wonder if that sentance guy will carry on voting for a rate rise. It will be a good guide as to whether his rate rise calls were for the publicity or because he actually thought the economy needed them.
If he sticks to his stance, it makes you wonder whether it would take a sustained period of deflation before the bloke admits he was wrong.
I've never understood this 'publicity' thing that people accuse MPC members of basing their voting on. People used to accuse 'Danny' Blanchflower of the same thing.
You have a situation where Governments across the world are printing money, that is clearly inflationary by any sane notion of what causes prices to rise (repeat after me, inflation is in all places and at all times a monetary phenomenon). On the other hand, you have a business sector unwilling to take on debt and households appearing to look to pay down debt. That is potentially deflationary. If both views weren't reflected on the MPC then they'd be incompetent.
Members of the MPC vote on what they think is best monetary policy for Britain. They're not on Britains Next Top Central Banker!0 -
This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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Only if you have an export economy to begin with, our maufacturing is a pitiful 14% where as service(ie consume) is closer to 70% hardly a recipe for miracle growth. why do you think the trade balance is always negative. a weak currency may benefit a few industrialists, export company owners, farmers who export etc, for everone else its bad news
Have you never heard of invisibles?'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 -
Members of the MPC vote on what they think is best monetary policy for Britain. They're not on Britains Next Top Central Banker!
Don't agree, some people can see beyond the committee and readily see the advantages of being controversial.'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 -
'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
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I guessed you would write that
yeah i know what you mean your on about financials, insurance etc just couldn't resist that tho:)Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
You 'stole' my Invincibles joke. Are there no depths to opportunism ?
If the Bank of England is going to print money to help the economy it should have the guts to put it in to envelopes and deliver it to the public. If they just give it to bankers then the public/ local business will not see a penny of it. You can make more by investing it abroad.
J_B.0 -
Do you think they've just been giving away the QE money they "printed" ?Joe_Bloggs wrote: »If the Bank of England is going to print money to help the economy it should have the guts to put it in to envelopes and deliver it to the public.0
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