BOE Minutes – MPC voted 6-3 to keep QE at £375 bln, 9-0 to keep rates on hold at 0.5% King, Fisher and Miles voted for a £25 bln increase in QE * UK economic developments have been generally positive over recent months and inline with inflation report * Still likely to see CPI hit 3% in coming months remaining around the level into the autumn * Low wage inflation suggesting more benign domestic cost pressures in the near term * Rise in global bond yields over the last month, showed market sensitivity to monetary policy expectations * Some members say an increase in QE could be effective if needed, other saw benefits of a QE increase as small when pitched against potential costs * Those for QE increase cited bigger Eurozone risks, lower commodity prices and weak pay growth in the UK
перше ж головування Марка Карні (замість Кінга) у липні може призвести до зміни розкладу голосів до 7-2 : не пристало новому керівнику зразу ж приєднуватися до дисидентів !
Bernanke: Falling inflation a problem * It raises real interest rates * Increases deleveraging * We have a dual mandate; mandate is a positive inflation rate * Low inflation will be a factor in future policy * It is entirely wrong to says the Fed not concerned about inflation falling short of its target * Impact of QE3 on commodity prices is not zero but it is not big * Wage growth weak because of slack in labor market
зелене світло монетарним стимулам та інфляції. а в ефір бла-бла-бла ))
Додано: Сер 19 чер, 2013 13:11
