The Running Commentary

The couch economist speaks again……

Well today sees the start of the MPC meeting to determine among other things the cut in the Repo rate. (It does feel nice to say with certainty that it will be meeting to discuss a cut) The commentators are split with many suggesting that the cut will be “at least” 50 basis points, but…

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Mike • February 4, 2009

Well I got this wrong!!

Well I got this one wrong! No interest rate hike! I must say though, in mitigation of my previous post, the fact that oil prices have come down to the levels that they have would not have been predicted by even the most optimistic financier.The effect that this will have on food inflation means that…

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Mike • August 15, 2008

Interest rates up or not????

With economists currently divided about whether the next MPC (Monetary Policy Meeting) will increase interest rates, each delivering valid reasons for their argument. It appears to me that the governor must follow the policy that he set in place when he started this round of increases. This, I am afraid to say, means that he…

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Mike • August 4, 2008