Well the answer is probably no. Exxon Mobil for example made $19 bn last year, and its profits were over $40 bn in 2007. We can also debate whether the Bank of England is a company anyway (it says so…
Category Archives: MPC
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MPC Minutes – Rate hike becoming ever more likely
- Topics
- interest rates, MPC
Posted February 23rd, 2011
This morning, with the release of the MPC’s latest minutes, we discovered that a further member of the committee voted for a rate hike at the last meeting. Spencer Dale voted for an increase in the base rate of 25…
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Expectations had been for a big jump going into this morning’s release of December UK inflation statistics, however expectations still weren’t high enough. The year-on-year CPI inflation rate surged from +1.9% to +2.9%, eclipsing the average forecast of 2.6% (economic…
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Let’s sit down and discuss your performance Mervyn…
- Topics
- CPI, MPC, quantitative easing
Posted December 1st, 2009
Six years ago this month, Gordon Brown, who was Chancellor of the Exchequer at the time, set the Monetary Policy Committee (MPC) an inflation target of 2.0% for the Consumer Prices Index (CPI). Additionally, if the inflation target is missed…
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When Doves Fly – lunch with David 'Danny' Blanchflower
- Topics
- Bank of England, MPC
Posted September 11th, 2009
Yesterday the MPC meeting was a non-event since there wasn’t a change in anything. However a few of us on the team had a bit of a ‘coo’ after we had a much more interesting meeting with David ‘Danny’ Blanchflower,…
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This morning’s inflation data was higher than expected, with the CPI measure targetted by the Monetary Policy Committee coming in at +2.7% from a year ago against +2.4% the previous month. The headline RPI measure was also very strong at…
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Those who have read Jim’s note of this morning will be aware that he and I spent the latter part of last week in New York. Whilst the US economy dominated many a meeting and conversation another prevalent theme and…










