Bank of England's Posen Sees U.K. Inflation Slowing `Well Below' 2% Target

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RichardCranium replied

22 January 2011, 11:34
Originally posted by suityou01 View Post

So, if I get this right, they're not actually being up front and honest with us about the real rate of inflation and their intentions?

Once you've done a stint in the public sector and seen the difference between a KPI's original definition and the way it is interpreted in the spec. for the actual report that spews the number out, you'll lose any faith in any government indicator.

Except the ones issued by the ONS, of course.
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Green Mango replied

22 January 2011, 11:32
Originally posted by suityou01 View Post

So, if I get this right, they're not actually being up front and honest with us about the real rate of inflation and their intentions?

Inflation a good way of writing off a trillion or two, but not so good for individuals with pension savings ...
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suityou01 replied

22 January 2011, 11:13
So, if I get this right, they're not actually being up front and honest with us about the real rate of inflation and their intentions?
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hyperD replied

22 January 2011, 11:04
Originally posted by TimberWolf View Post

Anyone noticed how things are getting smaller and more expensive in the shops? It may be my imagination but the packet of salad I was contemplating buying today was not only 1.5 times the price I paid last time, but also seemed to contain little in the way of green stuff.

Yes, I noticed all processed food has gone up significantly. I guess that's the effects of a real inflation rate of around 10%.
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CheeseSlice replied

21 January 2011, 22:28
The BoE website actually states that they usually work to an approximate 2 year lag effect for any change of monetary policy. In March 2009 the BoE began its quantitative easing programme.

I guess we'll soon see if Posen is right...
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DimPrawn replied

21 January 2011, 21:57
Bank of England policy maker Adam Posen dismissed the recent burst of inflation as temporary, indicating he may keep pushing for more stimulus to aid the economic recovery.

I tried to point this out to Milan.

BoE are itching to print more billions in order to stoke hyperinflation and effectively negate all our debt.
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TimberWolf started a topic Bank of England's Posen Sees U.K. Inflation Slowing `Well Below' 2% Target

21 January 2011, 21:39
Bank of England's Posen Sees U.K. Inflation Slowing `Well Below' 2% Target

Bank of England's Posen Sees U.K. Inflation Slowing `Well Below' 2% Target - Bloomberg

Anyone noticed how things are getting smaller and more expensive in the shops? It may be my imagination but the packet of salad I was contemplating buying today was not only 1.5 times the price I paid last time, but also seemed to contain little in the way of green stuff.
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