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i think the BoE needs to remember their purpose. Keep inflation at or below 2%
Comments
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I cannot think of many positions where you can constantly miss targets by 100% or so and not get booted out.0
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Martin appeared quite vocal on the radio a minute ago about the lack of anything being done
In other news, a bloke who set up a website telling people how to exploit loopholes and scam Banks said.........'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
In other news, a bloke who set up a website telling people how to exploit loopholes and scam Banks said.........
And how to run away from your creditors by declaring bankruptcy.
At least there's another major issue he's been involved in today:
http://blog.moneysavingexpert.com/2011/04/07/nandos-%e2%80%93-the-worst-designed-public-toilet-ive-ever-seen/0 -
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The_White_Horse wrote: »all these other concerns are not theirs. do your job - raise interest rates.
this is becoming a joke.
Thank god they appear to understand basic economics and can make an impartial decision and not be presured into making a bad choice to satisfy people that are clueless.0 -
Graham_Devon wrote: »Martin appeared quite vocal on the radio a minute ago about the lack of anything being done.
Then you also heard the discussion on energy prices that are going to result in hefty increases in the next 12 months. There's a fiscal squeeze coming from a multitude of directions. No easy answers.0 -
their objective is to influence the future not today
They probably should second Mystic Meg onto the MPC to replace Sentance :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Interest rates as a tool to control inflation act by reigning in the credit-driven expansion of money supply. Is the current inflation driven by excessive lending? Quite obviously not.0
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Thrugelmir wrote: »The BOE will never hit the "target" as their objective is to influence the future not today.
That would suggest they got it wrong in the past.0 -
I cannot think of many positions where you can constantly miss targets by 100% or so and not get booted out.
Playing centre forward for Tottenham Hotspur! ! ! Those idiots always miss the target and yet are still there!!!
Poxy Real Madrid! GrrrI don't have to run faster than the bear.....I just need to run faster than you!0
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