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[ابويزيد]

ستاذى هل نزيد بلعقود اذا انت متأكد شاكر لك

[dany123456]

يا رب

[aymona12]

ارى والله اعلم انة سيذهب الى مستوى 1.5750 الأول ثم هبوط فى الفترة الأميريكية

[dany123456]

الخبر بعد 5 دقائق

[الواصلي1]

الخبر بعد 5 دقائق

شكرا لك

[نورالدين أمجاظ]

السلام عليكم

متى سيكون موعد الخبر بالضبط اخي الكريم

على وجه السرعة ولك الشكر والتقدير

الآن 10:30 GMT

[tahadream]

بدء الاجتماع

[tahadream]

الحكومة ستواصل تأييد سياسة إم بي سي

[الواصلي1]

بدء الاجتماع

هل صدر الخبر واين يمكن الحصول عليه وشكرا

[tahadream]

هل صدر الخبر واين يمكن الحصول عليه وشكرا

عن طريق اشتراك شهري بموقع يزود الاخبار اول بأول...

[رمضان غنيم]

BOE: King says U.K. inflation likely to reach 2% target in 2 half; underlying inflation pressures "to the downside."

BOE: Darling supports King, says inflation acceleration is temporary

[tahadream]

نص الحديث من FXsol

London (MNI) - The following is the full text of Bank of England
Governor Mervyn King`s letter to Chancellor of the Exchequer Alistair
Darling explaining January CPI`s overshoot of the 2.0% target.

January CPI came in at 3.5% on the year. King`s letter is
dated Monday February 15.

"Tomorrow the Office for National Statistics (ONS) will publish
data showing that CPI inflation rose to 3.5% in January. That is more
than one percentage point above the target. As a result I am writing an
open letter to you on behalf of the MPC. As requested by the National
Statistician in order to avoid conflict with the release of the
official CPI statistic the Bank of England will publish this open
letter at 10:30am tomorrow.

Our remit specifies that we should explain why inflation has moved
away from the target the period within which we expect inflation to
return to the target the policy action that the Committee is taking to
deal with it and how this approach meets the Government`s monetary
policy objectives.

Why has inflation moved away from the target?

In the medium term inflation is determined by the balance of money
spending and the supply capacity in the economy. Money spending in
turn is influenced by monetary policy allowing the MPC to meet the
inflation target. But in the short run other factors which cannot
immediately be offset by monetary policy can cause measured inflation
to move around. Over the past three years inflation has been much more
volatile than in the preceding ten years reflecting an increase in size
and frequency of these short-run factors.

Three such short-run factors have driven the current measured rate
of inflation up. First the restoration of the standard rate of VAT to
17.5% is raising prices relative to a year ago. Second over the past
year oil prices have risen by around 70%. That is pushing up
petrol-price inflation significantly which in turn is raising overall
CPI inflation. Third although the exchange rate has been broadly stable
over the past year the effects of the sharp depreciation of sterling in
2007 and 2008 are continuing to feed through to consumer prices.

Over what period does the MPC expect inflation to return to the
target?

This is the third episode when inflation has moved above the target
by more than one percentage point. As was the case on previous
occasions the Committee expects this to be a temporary deviation of
inflation from the target as was made clear in last week`s Inflation
Report.

The direct effect of the short-run factors on inflation should be
only temporary. Thereafter inflation will be determined by the growth
rate of nominal spending relative to the supply capacity of the economy.
Nominal spending fell significantly during much of the previous year
although it bounced back somewhat in the third quarter. That weakness in
spending has created a substantial margin of spare capacity within the
economy. The Committee expects that will bear down on inflationary
pressures over time. The effects are already evident to some degree in
the labour market where pay growth has been weak - the average weekly
earnings measure of pay has increased by around 1% over the past year.
And intelligence from the Bank`s Agents suggests that pay growth in the
non-financial sector is likely to remain subdued in the period ahead.

The MPC`s latest projections published last week in the February
Inflation Report suggest that although it is likely to remain high
over the next few months inflation is more likely than not to fall back
to the target in the second half of this year as the short-run factors
wane and the influence of spare capacity builds. Thereafter on the
assumption that Bank Rate follows a path implied by market interest
rates and that the stock of purchased assets financed by the issuance
of central bank reserves remains at 200 billion throughout the
forecast period the Committee judged that inflation was more likely
than not to move below the 2% target for a period. By the end of the
three-year forecast horizon on that same monetary policy assumption
the Committee judged that the risks to the inflation outlook relative to
the target were broadly balanced.

What policy action are we taking?

Although inflation is temporarily above the target the latest
Inflation Report forecast suggests that the underlying pressures are to
the downside. The Committee has taken unprecedented action to offset
these downside pressures ensuring that the medium-term outlook for
inflation remains consistent with the 2% target. Bank Rate has been cut
to 0.5% and the Committee has embarked on a 200 billion asset purchase
programme to inject extra money into the economy thereby raising asset
prices and boosting nominal spending. At its February meeting the
Committee judged that it was appropriate to leave the stance of monetary
policy unchanged. It is important to emphasise that the effects of the
money-financed asset purchases will persist. That together with the low
level of Bank Rate will continue to provide a substantial boost to
nominal spending for some time to come.

The Committee is committed to taking whatever actions are necessary
to ensure that the outlook is for inflation to remain in line with the
2% target. It will continue to monitor the appropriate scale of the
asset purchase programme and further purchases would be made should the
outlook warrant them. Equally if at some point in the future the
medium-term outlook for inflation threatened to rise above the 2%
target the Committee would tighten monetary policy.

How does this approach meet the Government`s monetary policy
objectives?

The Monetary Policy Committee remains determined to set monetary
policy in order to keep inflation close to the 2% target in the medium
term thereby supporting growth and employment. Price stability as your
remit to us states is "a precondition for... high and stable levels of
growth and employment". By ensuring price stability in the medium term
the MPC will make its most effective contribution to economic
performance more generally. I am copying this letter to the Chairman of
the Treasury Committee through which we are accountable to Parliament
and will place it on the Bank of England`s website for public
dissemination.

[كينج]

يعنى سلبى على الباوند والا ايجابى

[gomana]

يعنى سلبى على الباوند والا ايجابى

نفس السؤال

[nourhammoury]

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