It is a mark of how desperate the calls for a rate cut have become. Today, the CPI was flat, but well above the 2 percent BoE target. Yet, the news was welcomed as a sign that the Bank will feel confident enough to cut rates further.
Take a guess how many months in the last two years that the BoE actually met its inflation target? It has met it in 3 out of 24 months.
You seem disappointed that inflation hasn't gone up.
ReplyDeleteMore like disappointed the BoE is consistently failing in the only target it has.
ReplyDeleteNick
Some interesting posts on inflation at
ReplyDeletehttp://bigpicture.typepad.com
"Take a guess how many months in the last two years that the BoE actually met its inflation target? It has met it in 3 out of 24 months."
ReplyDeleteSince the target is CPI = 2% +/1%, it looks like its meeting its target 90+% of the time.
If inflation really was at 2.5% it might not be so bad but don't tell me that anyone is buying that?
ReplyDeleteThe target is not 2% +-1. The target is 2%. Check, and you'll see.
ReplyDeleteHi, I need to know the governments most recent inflation target - im doing an events management degree and this comes into my business module but i dont have a clue!!
ReplyDeletePlease e-mail me at jonesyel89@hotmail.com with the site you got it from so i dont feel like too much of cheat!
Id really appreciate it
Em x