Bank of England upgrades economic growth forecasts

Graham_Devon

wotsthat wrote: »

I bet the peak of 5% was less than you expected too.

Actually, no. I'm on record on here stating it would likely fall when it reached 5.2%.

It went higher for a couple of months and then fell.

I'm not pretending to be a genius, as I'm not. But if you are going throw all this nonsense my way I may aswell back my corner.

ILW

Kennyboy66 wrote: »

seems somewhat fanciful considering the £4 trillion number you quoted includes shares held directly and in pensions not to mention gilts and bonds.

Are you suggesting that higher interest rates would increase the value of shares ?

I was just referring to inflation, not IRs.

wotsthat

Graham_Devon wrote: »

Actually, no. I'm on record on here stating it would likely fall when it reached 5.2%.

It went higher for a couple of months and then fell.

I'm not pretending to be a genius, as I'm not. But if you are going throw all this nonsense my way I may aswell back my corner.

So it's fair to say that 5.2% was a blip and in reality 3.0% would be a better figure to use when talking about King's governorship as a whole.

i.e. above target, still very low historically and somewhat less than you expected.

Kennyboy66

ILW wrote: »

I was just referring to inflation, not IRs.

but modest inflation tends to be beneficial for shares.

The last thing the stock market wants is zero inflation - or even worse falling prices.