Bank of England Monetary Policy Committee (MPC) on Wednesday (9) began a two-day monetary policy meeting was held. Bank of England (Bank of England) on Thursday (10) will again be faced with difficult choices, the central bank's Monetary Policy Committee (MPC) prices continued to surge in response to the current area is under increasing pressure.
and most other developed economies as central banks, the Bank of England also face the risk balance economic growth and inflation problems. Whether the economy has been recovering from the financial crisis, which is not yet determined, but the rapid growth of developing countries strong demand for energy and food prices are pushing up the level. In this context, is to continue to provide stimulus for economic growth, or the appropriate action to address the range of inflation has exceeded the central bank decision-makers dilemma.
United States plans to develop 53 billion U.S. dollars investment and high-speed rail to cover 80% of the population in 2011 for the first time the central bank to raise interest rates sharply east-west expansion of migrant workers battle for Carrefour nominal price surge triggered complaints refund 5 Spring City, Province, 8 low-carbon second Five-Year Plan will be included in the pilot of over 10 million graduates, Wuhan empty accounts linked to ATM machine swallowed 9900 yuan files keep depositors 3 hours to no avail Sun Lijian: I determine the overall rate hike
However, the situation facing the Bank of England is particularly difficult . Previously published data showed the British economy in the fourth quarter of contraction, while inflation rose further in December to 3.7%, exceeded the central bank set the target level of 2.0%.
take into account the extent of the problem of inflation, many investors expect the Bank of England as early as in May raised the benchmark interest rate, as interest rates worldwide, the first major central banks. But interest rates to support the reasons for and against raising interest rates so
BNP Paribas (BNP Paribas) economist Alan Clarke said: the possibility of a rate hike as early as possible is increasing. Despite the recent survey showed that January retail sales of private sector activities and strong performance, but still can not determine the economic contraction in the fourth quarter from the December storm is only temporary due to landslides. In addition, large-scale public sector spending cuts and 1 sales tax increase measure early impact has not yet reflected. These measures will further push up short-term inflation, but will restrain consumer spending in the medium term.
view of this, the Bank of England is expected to consecutive 22-month benchmark rate unchanged at a record low of 0.5% and maintained its asset size of ? 2,000 to purchase scheme remain unchanged.
the Bank of England Monetary Policy Committee (MPC) 1 March meeting minutes show that members of the veteran hardline Sen Tansi (Andrew Sentance) and recently joined members of MPC Will (Martin Weale) advocated tightening on the grounds that high inflation has a significant risk. Will and Sen Tansi proposal to raise interest rates need to be supported with at least three members of the Bank of England as early as possible to raise interest rates on February 10.
Now, however, the differences were significant MPC Committee. Some members apparently believed that the central bank did not need to raise interest rates. Overall, as long as there are signs that economic recovery is still facing uncertainty, the majority of MPC members are unlikely to support a rate hike. Last week the 16 economists surveyed predicted the Bank of England interest-rate meeting in February will not tighten policy.
1
No comments:
Post a Comment