RE: BOE / MPC5 Nov 2021 01:05
Bailey had stressed last month that monetary policy "will have to act" if there is a risk of inflation....BLAH BLAH ...talks the walk but can't walk the walk...another compromised puppet!
MPC talks tough, only to concede at every excuse that the UK economy is weak without low interest to maintain the growth.
Market speculation for a rate rise in December or February next year as the committee was unable to define how strong the outlook is for jobs & wage rises over the longer term...Well perhaps, a miniscule rate rise could have been reversed next year IF the UK economy is SO SO fragile!
Inflation is expected to peak at 5% in the New Year with many Cheif economic advisors, predicting absolute max base rate in twelve months 0.5%
That aside, perhaps a re-active knee-jerk rise in February, before the housing market takes the economy over a cliff.
ATB