BOE Officials Split as Weale & McCafferty Seek Rate Increase

[Martin@AS Financial]

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.

[sirja]

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.

[scooterscot]

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?

[Martin@AS Financial]

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