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Carney: Dismisses Concerns About Inflation Expectations
HAMISH_MCTAVISH
Posts: 28,592 Forumite
http://uk.reuters.com/article/2013/02/16/uk-g20-carney-idUKBRE91F04U20130216(Reuters) - The future head of the Bank of England, Mark Carney, dismissed concerned on Saturday about the danger of inflation expectations spiralling in Britain and elsewhere.
Carney, governor of the Bank of Canada, has been an advocate of flexible inflation targeting, and said last month that monetary policy was not maxed out in major economies.
He has said the Bank may need to commit to keeping highly accommodative monetary policy even after the economy and possibly inflation pick up.
The last paragraph is particularly interesting, and I suspect relates to his previous comments about economies needing to achieve "escape velocity" before monetary tightening becomes appropriate.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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Sounds very much like an experiment IMO. One I don't particularly wish to be part of.0
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Graham_Devon wrote: »Sounds very much like an experiment IMO. One I don't particularly wish to be part of.
How do you opt out then?Official MR B fan club,dont go............................0 -
So is he saying he will let inflation run away, but is not concerned if it does?0
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Inflation
-is a way of transferring money from people who have savings to those that don't or have debts
-it is a way of encouraging people to take on debt to buy assets (say property, stock and shares,gold etc)
-one notes that the government has debts
-on a personal note, I own property and shares and have relatively low levels of savings (mainly because I have children who are buying property and living life ..... )
It's a little difficult to be objective about these things isn't it, but I am relaxed about government debt and am confident it will all work out well in the end
One looks forward to Mark making his mark.......0 -
Some posts seem to be disappearing today.
Interesting.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Some posts seem to be disappearing today.
Interesting.
What are those?'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 -
Pretty much anything from Dev yesterday seemed to go up, then disappear.... and has now reappeared this morning.
Have I missed something?“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Makes sense, this is not the inflation you are looking for. Death squads roam the forums for people saying different
monetary policy was not maxed out
A bit like a credit card. He does know they can bring the credit limit down though right.
'Inflation helps gov pay the bill. Integrity of the currency is a laugh in comparison and since no one is pressing the issue anyhow why are you even giving me a hard time, lets go eat. ' - Carney wanted to say0 -
I don't think we have had much integrity with our currency for a few decades.
Inflation is never a problem, until it becomes one and by then it will always be too late.'In nature, there are neither rewards nor punishments - there are Consequences.'0
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