Showing posts with tag: #interestrates
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Emeritus Prof Christopher May
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Headline: IMF upgrades UK growth forecast... Reality: its been upgraded from 1.5% to.... 1.6%. However, its based on the idea that the BoE will make four(!) interest rate cuts this year, bringing interest rates down 3.75% by the end of 2025. Well, to be frank, as you will know I think its pretty unlikely Bailiey & his sado-monetarists will do such a thing, so I think the IMF's forecast can be treated with a pinch of salt. #IMF #economics #InterestRates
Tags: #imf #economics #interestrates Likes: 0 Replies: 4 Boosts: 0 |
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Emeritus Prof Christopher May
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Inflation has slowed (a little) to 2.5% last month... however, if you think this will prompt any acceleration in the BoE's professed (but hardly actioned) intent to reduce interest rates, prepare for Andrew Bailey in the media today to be out identifying a range of other 'inflationary pressures' that will still mean rates cannot be dropped just yet.... The sado-mometartists still don't think we have suffered enough!
@ChrisMayLA6 yep. Rachel Reeves should get involved. A few hundred quid off my mortgage payments is worth way more than avoiding a couple of percent rise in income tax. But she won't.
by David S ; Yeah, but any time the word inflation is mentioned I chafe.. It’s not nearly the same thing as cost of living. And regular people tend to define inflation as stuff they can’t afford anymore, which is vastly different than the economic professions definition of it. So when people say inflation is too damn high and Economist go oh you’re ignorant it’s like, nah.
by GhostOnTheHalfShell ; Tags: #interestrates #Inflation #interestrates #Inflation Likes: 0 Replies: 3 Boosts: 1 |
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Emeritus Prof Christopher May
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Inflation has slowed (a little) to 2.5% last month... however, if you think this will prompt any acceleration in the BoE's professed (but hardly actioned) intent to reduce interest rates, prepare for Andrew Bailey in the media today to be out identifying a range of other 'inflationary pressures' that will still mean rates cannot be dropped just yet.... The sado-mometartists still don't think we have suffered enough!
@ChrisMayLA6 yep. Rachel Reeves should get involved. A few hundred quid off my mortgage payments is worth way more than avoiding a couple of percent rise in income tax. But she won't.
by David S ; Yeah, but any time the word inflation is mentioned I chafe.. It’s not nearly the same thing as cost of living. And regular people tend to define inflation as stuff they can’t afford anymore, which is vastly different than the economic professions definition of it. So when people say inflation is too damn high and Economist go oh you’re ignorant it’s like, nah.
by GhostOnTheHalfShell ; Tags: #interestrates #Inflation #interestrates #Inflation Likes: 0 Replies: 3 Boosts: 1 |
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Emeritus Prof Christopher May
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ICYMI: We've seen a lot of commentary linking Rachel Reeves' autumn budget, to the current economic slowdown (often linking this to business sentiment).... but, its unlikely that as yet un-enacted tax changes would have already had an impact. No, if you want to know why the UK is in a quasi-recession, then a better place to look is the Bank of England's interest rate policy of the last 18-24 months that has economic slowdown as its explicit aim!
Tags: #interestrates Likes: 0 Replies: 0 Boosts: 0 |
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Emeritus Prof Christopher May
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We've seen a lot of commentary linking Rachel Reeves' autumn budget, to the current economic slowdown (often linking this to business sentiment).... but, its unlikely that as yet un-enacted tax changes would have already had an impact. No, if you want to know why the UK is in a quasi-recession, then a better place to look is the Bank of England's interest rate policy of the last 18-24 months that has economic slowdown as its explicit aim!
@ChrisMayLA6 Reeves could tell the BoE to reduce interest rates if she chose. That is within her remit as Chancellor. But they want to maintain the illusion that the BoE is independent.
by JuneSim63 ; Tags: #interestrates #BankOfEngland Likes: 0 Replies: 3 Boosts: 1 |
@ChrisMayLA6 The US and the EU are lowering, I do not think it will be beneficial for the UK not to do it as well.
by h4890 ;
@ChrisMayLA6 I think you're too pessimistic there. Bailey himself said in December that markets currently underestimate the BoE's determination to lower borrowing costs, inflation permitting. With this week's data, three to four cuts this year are anything but unlikely.
by Jakob Steffen ;
@ChrisMayLA6 Or an entire Saxa depot ...
by MiniMia 🏴 🇵🇸 ;
@ChrisMayLA6 rounding error
by John_Loader ;