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BOE Officials Split as Weale & McCafferty Seek Rate Increase

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    BOE Officials Split as Weale & McCafferty Seek Rate Increase

    This is an interesting story especially as the news last night was reporting that a base rate increase in 2014 now seemed unlikely:

    BOE Officials Split as Weale, McCafferty Seek Rate Increase - Bloomberg

    #2
    Allegedly Osbourne's economy is growing @ 3%+

    Is it not the truth the real state of the economy is revealed when interest rates cannot be raised any more than the titanic?
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

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      #3
      There never was any chance of a rate rise before the election. Mark Carney will just keep coming up with different excuses to kick the ball down the road. In truth if you exclude London/SE house prices, there really is not a great deal of inflation in the system, so really no pressing need to rise rates anyway.

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        #4
        Apparently the price of food and clothes have come down yet train fares are rapidly increasing. In July the average rate of inflation was 1.6%.

        I can't even begin to imagine what it was like in the seventies though when it hit 25%. It most of been a very scarey time.

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