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Bank of England inflation forecast, next week could give an idea on future hike

Saturday, August 9th 2014 - 06:33 UTC
Full article 21 comments

The Bank of England opted this week to keep its main interest rate at a record-low level of 0.50% against a backdrop of solid British economic growth. The central bank's nine-member monetary policy committee decided also to maintain the level of cash stimulus in the economy at £375 billion, it said in a statement. Read full article


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  • golfcronie

    Glad at last that the years of austerity are bearing fruit, take a leaf out of the UK book. Argies thats progress.

    Aug 09th, 2014 - 07:18 am - Link - Report abuse 0
  • Conqueror

    @1. Don't be daft. Argies would never accept and voluntarily adopt austerity. It's all “want it now” and “gimme, gimme, gimme”. When was the last time you heard them say that they would “like” something, but can't afford it. They're like little kiddies on a walk down the high street. Every shop window has something that they have to have “now”. Remember the train crashes? “It's working. It'll go on working”. “Must have those combat aircraft”. “Must have new aircraft for the airline”. And when they can't have, everyone's out to get them. Imagine how much money CFK and “the big dead one” have spent over the last 10 years to make argieland “viable”. Suppose they'd thought “The first thing we must do is pay off our debts”. But no, they have to have their cities with all modern appurtances, they must have a “flagship” airline the envy of the world, they must have oil. They must match Chile, Venezuela, the United States. Can we all imagine what it would really be like if Britain was to withdraw from its little base? Before long, argiealand would be striding around the South Atlantic throwing its inconsiderable weight about. Of course it would be amusing. Remember the fuss over the Libertad. But, at the same time, argieland had to take part in a “naval exercise”. For prestige. And the hulk had to be withdrawn for repairs. That couldn't be done because argieland didn't want to pay. Notice that it's always about money? Like kids, money burns a hole in their pockets. They have to spend it.

    Aug 09th, 2014 - 09:47 am - Link - Report abuse 0
  • Lucdeluc

    This is migration based economic growth.

    Aug 09th, 2014 - 10:15 am - Link - Report abuse 0
  • paulcedron

    that's great news for the typical deluded reader of this 4th class newspaper.
    sadly the real thing is that the british pound is highly overvalued.
    the pound will suffer another massive decline sooner than later, exactly like in the black wednesday.

    let´s see what the typical boludo of this site thinks about the vulture funds (soros, singer, etc, you choose) then.

    so stop reading this shite and try with this, you boludos x 1000.

    “I argued in my previous blog that sterling is overvalued. Objections to this usually take one of two forms. The first is to argue that UK exports are uncompetitive, not because of the exchange rate, but because of the general failing of UK manufacturers: they do not invest enough in research and design, are insufficiently aggressive in seeking out new markets or otherwise incompetent.”

    Aug 09th, 2014 - 12:07 pm - Link - Report abuse 0
  • ChrisR

    Carney clearly does not believe the stats and is shit-scared of deflation, that's why he is dangling the prospect of increasing the interest rate.

    Savers will be no better off, the resulting inflation will dilute the value of their holdings far more than the 'increased' interest rate will boost them.

    Aug 09th, 2014 - 12:08 pm - Link - Report abuse 0
  • ilsen

    “solid British economic growth” few other similar countries are achieving this and the UK is in a better position now than before the global recession.
    Excellent news for the UK.

    Aug 09th, 2014 - 02:22 pm - Link - Report abuse 0
  • Lucdeluc

    It amazes me how the British consistently pat themselves on the back every time the economic indicators come out. Take away continuous immigration since WW2 and Britain would look more like Italy everyday. It's growth would be sclerotic at best.

    Aug 09th, 2014 - 11:33 pm - Link - Report abuse 0
  • ilsen

    “Take away continuous immigration since WW2 ...”
    I do understand what point you are making. You obviously know very little about the British.
    Why not take away all the immigration since 1066, or maybe 4A.D. when the Romans arrived, (with their troops who were from all over Europe, not just Italy)?
    Anyway you can't just 'take away immigration', or if you could, maybe we should take away immigration from ALL countries in the world since some random date and spend days trying to figure out 'what if' ?

    An utterly specious arguement that makes no sense at all.

    Aug 09th, 2014 - 11:50 pm - Link - Report abuse 0
  • Lucdeluc

    The migration adds to demand. The migrants need housing and then crap to fill those houses. This stimulates the economy. Other migrant countries , Canada, Australia, the US all get a shot in the arm from migration. Japan would exit its economic stagnation if it allowed immigration to boost demand. The point I was making was that Italy, a similar country in population and economic output to Britain has been economically stagnant for 20 years. In Italy this is referred to as the malaise, similar to what the French are now referring to their economy. If Italy opened its doors on Britains scale and was able to accomadate mass immigration it to would register economic growth.

    Aug 10th, 2014 - 12:13 am - Link - Report abuse 0
  • ilsen

    So what is your point? That the British Govts, over the years, have been wise in their decision to allow immigration in order to stimulate the economy?
    Therefore a pat on the back is deserved? (ref @7)

    Is immigration good or bad? Did the British make good or bad decisions? Immigration isn't just a random factor. Countries don't just 'get lucky', decisions are made. Some good, some bad.
    Not sure you have any point at all. You seem to be saying the migrants 'saved' Britian. If so, that would have been down to British Economic policy, not that some guy in Jamaica or India woke up one morning with the incrediable urge to go to the UK and pay some tax...

    Aug 10th, 2014 - 12:48 am - Link - Report abuse 0
  • Lucdeluc

    Yes. Immigration is wise.
    Yes. British political and economic policy has allowed it's migrants to thrive.

    Aug 10th, 2014 - 01:02 am - Link - Report abuse 0
  • ilsen

    So a small pat on the back is permissible then?

    Aug 10th, 2014 - 01:18 am - Link - Report abuse 0
  • Conqueror

    @9. What you fail to notice or mention is that migrants do very little for Britain. Mostly they use much and pay little. They just get in the way of people. Then they whinge and whine about their “rights”. If we weren't so kindly and considerate, we'd kick the whole lot out. Because, in reality, nearly everything is paid for by the British people. But, eventually, we'll get it right. There will be a list of the nationalities that should be shot as soon as they get off the aircraft or ship. The list starts with “A”.

    Aug 10th, 2014 - 11:49 am - Link - Report abuse 0
  • ilsen

    I disagree with Conqueror. Immigrants come from all over the world. Some individuals contribute more than others. It is wrong to stereotype 'all migrants' as this, or that.

    Aug 10th, 2014 - 12:09 pm - Link - Report abuse 0
  • Lucdeluc

    #13. I'm still cracking up over your prediction that the US 3rd, 4th and 7th fleets are going to end up on Argentinas door some day.
    Those migrants you dismiss have developed Britain. They pay taxes and they add to population growth. Many of them are naturalised and their children are born British.

    Aug 10th, 2014 - 12:17 pm - Link - Report abuse 0
  • ilsen

    People have been coming to Britain for over 2000 years. All British are the sons and daughters of immigrants, ultimately speaking.

    Aug 10th, 2014 - 12:20 pm - Link - Report abuse 0
  • paulcedron

    who in his right mind would emigrate to little britain?
    only declassed, desperate pakistani and stuff.
    that´s why we have 200.000 useless english living here and there are only 1000 argentinians there.
    not to talk about the 1 million useless brits who emigrated to spain, or france or italy, and the list goes on.

    the stinky little island is not attractive to anyone, you halfwits

    Aug 10th, 2014 - 09:56 pm - Link - Report abuse 0
  • ilsen

    Ha ha!
    Paul-carrion posting about the UK again! Following me about on Mercopress. My own little pet troll!
    he would love to emigrate to the UK.

    Btw. There are 2nd and 3rd generation Pakistani origin British people who are millionaires living in Britain who made their money in uk and employ thousands of people

    hardly declasse are they?

    not many Argentine people in uk because they don't have money for the airlines, yet poor Pakistani people do. You have no arguments.

    Britain not attractive? 192 languages spoken in London according to the last census?
    Who are these people then? You think Britain kidnapped them?

    Get back on Google and view a life you will never see. ..

    Aug 11th, 2014 - 11:15 pm - Link - Report abuse 0
  • paulcedron

    nabo ilsen
    if little britain were attractive, you should not have 10 million brits living abroad.

    how the fuck can a little marshy island with arguably the worst climate in the world and the ugliest people in the world, be attractive?
    no way.

    i would suggest you to travel more, you rickety old guy.
    leave that stinky pork stanley once for all and try to see a bit of the world before it be too late.

    Aug 13th, 2014 - 01:06 am - Link - Report abuse 0
  • ChrisR

    The interest rate rise is OFF!

    Aug 13th, 2014 - 06:38 pm - Link - Report abuse 0
  • ilsen

    Not really much of a response paulie-parasito, you mere feed of my own brilliance. Like a moth to the flame.

    Aug 13th, 2014 - 10:03 pm - Link - Report abuse 0

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