DOWNLOAD the Aug 2013 Bank of England Inflation Report HERE
This is the first Bank of England inflation report since Mark Carney took on his new role of Bank of England Governor last month.
The media are calling this the most revolutionary day in the recent history of the Bank of England.
Given that the inflation report is heavily focussed on what’s likely to happen to interest rates and the BoE hope to stabalise them and the financial markets moving forwards this inflation report is likely to be extremely interesting to everybody in property.
You will see the headlines all over the mainstream media as this is a big thing and of National interest.
If you want to get into the detail, you can download the report free by completing the form below.
As always, your feedback in the comments section below this post will be much appreciated.
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Rental Yields Explained - Listen to the audio
Member Since February 2011 - Comments: 3453 - Articles: 286
11:36 AM, 7th August 2013, About 13 years ago
I have just finished watching the webinar.
What the BofE are officially doing is recognising that the inflation figures are not the only indicator that should be used for price stability.
The reason why base rate has remained at 0.5% even though inflation is over the 2% target is that it is lead from external prices not domestic demand.
Using the Unemployment figures is in my view a very sensible way of taking a view on potential domestic inflation.
Well done Mark Carney, a breath of fresh air by just coming out and giving us real economic arguments and not just Political lead reasons for the BofE to only consider a very narrow part of the economy.
Member Since February 2011 - Comments: 3453 - Articles: 286
11:45 AM, 7th August 2013, About 13 years ago
PS. Under the new Forward Guidance no change at 0.5% for 3 years predicted sounds spot on to me.
And if Unemployment falls below 7% we will all be in a better position anyway.