Comments: Shadow MPC votes 8-1 for April rate hike

When I read this in The Times earlier today I honestly thought it might be an April Fools joke!

Posted by Minh at April 1, 2007 10:42 AM

Why? Overwhelmingly, by something like 95%, City economists expect a rate rise in either April or May. The fact that this particular group of economists favours April shoild not be a huge surprise.

Posted by David Smith at April 1, 2007 08:45 PM

Probably just being overly cautious because it is April Fool's Day, and 8-1 for a hike seemed surprisingly hawkish. Mind you, while the real MPC may be unwilling to upset the boss ahead of the local elections, the Shadow MPC obviously don't have to worry about that. That's the only reason I think that May could still be more likely - although they are announcing their May decision on polling day, are they not?

Posted by Minh at April 1, 2007 08:59 PM
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