-
Bank of England split on interest rate policy as consumers struggle
As official statistics yesterday showed that real disposable income in the first three months of the year suffered their sharpest annual squeeze since 1977, Paul Tucker, the Bank's deputy governor, revealed he is close to voting for a rate rise – putting him at loggerheads with Sir Mervyn King, the Governor. A vote for higher rates from Mr Tucker, widely considered favourite to succeed Sir Mervyn in 2013, would be a key policy moment. Economists reckon he would take other members of the Monetary Policy Committee (MPC) with him, while sending a clear signal to markets that the era of historically low rates was over. ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jun 29, 2011 10:21am Jun 29, 2011 10:21am
- AdrianHNV
- | Joined Jul 2010 | Status: Member | 85 Comments
- Comment #2
- Quote
- Jun 29, 2011 10:35am Jun 29, 2011 10:35am
- aurangzaib
- | Joined Feb 2011 | Status: simple trader | 32 Comments
*ALL IS WELL*
- Comment #3
- Quote
- Jun 29, 2011 10:41am Jun 29, 2011 10:41am
- BackTestDummy
- | Joined Jan 2007 | Status: Member | 85 Comments
I've got my pips - go get yours!
- Comment #4
- Quote
- Jul 24, 2011 1:28pm Jul 24, 2011 1:28pm
- Brotyboy
- | Joined Jul 2009 | Status: Caldy Bunt | 159 Comments
The dream will never die