It is a mark of how desperate the calls for a rate cut have become. Today, the CPI was flat, but well above the 2 percent BoE target. Yet, the news was welcomed as a sign that the Bank will feel confident enough to cut rates further.
Take a guess how many months in the last two years that the BoE actually met its inflation target? It has met it in 3 out of 24 months.
7 comments:
You seem disappointed that inflation hasn't gone up.
More like disappointed the BoE is consistently failing in the only target it has.
Nick
Some interesting posts on inflation at
http://bigpicture.typepad.com
"Take a guess how many months in the last two years that the BoE actually met its inflation target? It has met it in 3 out of 24 months."
Since the target is CPI = 2% +/1%, it looks like its meeting its target 90+% of the time.
If inflation really was at 2.5% it might not be so bad but don't tell me that anyone is buying that?
The target is not 2% +-1. The target is 2%. Check, and you'll see.
Hi, I need to know the governments most recent inflation target - im doing an events management degree and this comes into my business module but i dont have a clue!!
Please e-mail me at jonesyel89@hotmail.com with the site you got it from so i dont feel like too much of cheat!
Id really appreciate it
Em x
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