tag:blogger.com,1999:blog-2277215496195926573.post4293216422775402522..comments2024-01-01T07:41:51.347-08:00Comments on RALPHONOMICS: Has Richard Murphy taken leave of his economic senses?Ralph Musgravehttp://www.blogger.com/profile/09443857766263185665noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2277215496195926573.post-26541985402706820132017-06-29T03:49:55.414-07:002017-06-29T03:49:55.414-07:00From what I have read Carney is against interest r...From what I have read Carney is against interest rate rises.Here is a piece from the FT from Carney's Mansion House speech<br /> "In his Mansion House speech, the full quote was: “From my perspective, given the mixed signals on consumer spending and business investment, and given the still subdued domestic inflationary pressures, in particular anaemic wage growth, now is not yet the time to begin that adjustment.”<br /><br />One sentence looks to the future, the other comments on the past. Economists, who examine the words more carefully than currency traders, thought the two were consistent with each other. "<br /> Hope that helps.<br /><br />However what a load of hot air about a 0.25% rise.BoE is as always behind the curve,the market dictates and the BoE follows not the other way round.Didn't you do a post on that recently?<br />Interest rate adjustments have never worked particularly well.Though I have noted that he has put bank buffer capitals up 0.5% too....waste of time as well seeing as he will undo it come a bank crisis.Really why do we pay these bods at the BoE for all of this?<br />Vince Richardsonhttps://www.blogger.com/profile/16366495300835137386noreply@blogger.com