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BoE's Saunders says at the December meeting, a key consideration for me will be the possible economic effects of the new Omicron Covid variant
- It is likely that any rise in the Bank rate will be limited given that the neutral level of interest rates remains low
11:02 AM · Dec 3, 2021·TweetDeck...........more to follow
BoE's Saunders: Omicron Is Key Consideration For December Rates Decision And See’s Some Advantages To Waiting On Omicron Data
November meeting the excuse for not raising rates was wait for employment data.
December meeting looks like the excuse is going to be wait for Omicron data.
They seem to be focusing totally on reasons not to raise rates rather than reasons to raise rates. I think spring/summer 2022 earliest?
february at the absolute latest for me...they are weighing up maybe doing a tiny rate rise sooner which would prevent them having to do a large rate rise in panic mode..march/april.....its all conjecture by us of course...but they do seem to be searching for reasons not to do the obvious move...
Market appears to be cooling on the idea on a December base rate rise judging by the level of Sterling which in turn is a variable that has influence on Lloyds share price although not a major one.
It will not be obvious to any MPC member that a rate rise is needed ,if they decide to vote the other way.
but the market as we know does not always win the bet.
Well the MPC threw the markets a curved ball before the November meeting hinting rates would rise. If some of the MPC now hinting no rise for December will markets position themselves accordingly on this given they were caught out last time?
hu
There are 9 members of the MPC with independent thought.
lti
Yes there are 9 members with independent thought. The markets still positioned themselves before the November meeting on comments from 1 individual, any reason they would not do so this time? Maybe because they got caught out last time?
I predict Lloyds year end share price . . . . . .
Disappointing
I win no
Love light thingy
hu
How stupid to position your bets on hints from 1 or 2 MPC members.
lti
Why are you telling me that? Tell the markets!
The market has to weigh up the probabilities for itself based on the current situation re Covid/inflation-transitory or not.
hu
Never realised you had placed bets on a move in interest rates, so how could I be telling you?
lti
"never realised you had placed bets on a move in interest rates, so how could I be telling you?"
So where have I said that I placed bets on a move in interest rates? I have said no such thing. But lets just analyse your comment a bit further......"so how could I be telling you?" Your post at 12:33 today!
"hu
How stupid to position your bets on hints from 1 or 2 MPC members."
My understanding of English is that you were telling me.
hu
''My understanding of English is that you were telling me.''
You are miswired
hu
Let me make it very simple for you.
My ''How stupid to position your bets on hints from 1 or 2 MPC members.''
was in response to your post commenting
''The markets still positioned themselves before the November meeting on comments from 1 individual''
lti
Again, my understanding of English "how stupid to position YOUR bets on hints from 1 or 2 MPC members"
Let me make it simple for you, when you say "your" suggest that was directed at me.
hu
how can it be bets that you have made as you made no reference of you having done so.
As I said miswired.
hu
I hear that some are going all in betting on a rate rise - fancy placing all of your money on a single decision.
lti
You said it! "Never realised YOU had placed bets on a move in interest rates,"
hu
Once again - miswired.
''Never realised YOU had placed bets on a move in interest rates,"
is saying you didn't, which is why i was referring to
''The markets still positioned themselves before the November meeting on comments from 1 individual''
hu
You need to get a grip and get better understanding
lti
You need to contact the Samaritans