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Pinner Ram
Posted: 29 September 2024 19:53:20(UTC)
#1

Joined: 26/03/2018(UTC)
Posts: 95
So, Mervyn King, former governor of the Bank of England says (BBC website) that interest rates were kept too low for too long.

I think we all knew that, pity they didn't with all their experience and expertise in central banking.

PR
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lenahan
Posted: 30 September 2024 02:21:36(UTC)
#2

Joined: 07/12/2017(UTC)
Posts: 242

Thanks: 627 times
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He does now speak with the benefit of hindsight though. As we all do! I'm not so sure it was quite so obvious to raise them early and aggressively as when inflation did start to move it moved really quickly.
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Tim D on 13/10/2024(UTC)
NoMoreKickingCans
Posted: 12 October 2024 16:14:03(UTC)
#3

Joined: 26/02/2012(UTC)
Posts: 4,470
https://bmmagazine.co.uk/news/uk...ime-in-over-three-years/

Papers suggesting the next UK inflation figure on Wednesday likely to be below 2%.

Hopefully so and will encourage the BoE to cut in November. Perhaps this news will see my gilts rise at least a little after the recent plunges. Might also help bond proxies like infra rise slightly.

The budget hangs like the sword of Damocles at present.
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Rookie Investor
Posted: 12 October 2024 17:24:02(UTC)
#4

Joined: 09/12/2020(UTC)
Posts: 2,087
There was a huge spike in M2 money during the covid years, you would think the central banks would notice that and anticipate inflation showing up, particularly if there were also supply chain problems at the same time.
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