What do you think the Bank of Englands 3 most important targets should be for the next 2 years?

Question

200wrds but optional

Answer 1

1. Don't tell the queen she's fat.
2. Get Tony Blair another job.
3. Make sure to return the beer kegs.

Answer 2

The BoE's mandate is to watch inflation.

I think that the world economy will start slowing down, easing inflationary pressures. The performance indicators haven't been that rosy recently, and the Fed is likely to cut their rates in January or at least in the first quarter of 2007.

Furthermore, within the next year or two, there will most likely be a pull-out of troops from Iraq. This will put extra pressure on the Western economies.

Therefore I would say that the BoE should:
1 Watch for unemployment rather than inflation, favour rate cuts
2 Since Basel2, with more transparency in commercial banks, the BoE could decrease reserve requirements, effectively allowing banks to lend more.
3 Consider the merits of joining the Euro dispassionately. With more countries using the Euro as an alternative to the US$ in terms of reserve, the Euro goes from strength to strength. Therefore, once Europe has stabilised and if the business cycles of Britain and Europe are in synch, joining the Euro might make sense, although the role of the BoE would change drastically.

Answer 3

1) Tell us how much they have
2) Reduce interest rate to 1%
3) Inform the chancellor of the exchequer to increase the unemployment benefits

Answer 4

pay out loads of cash to poor people they can afford it
pay out loads of cash to familys to encourage tyhem to be stronger
pay out loads of cash to me as i am always skint.

Answer 5

PUT ALL THE MONEY THEY HAVE EVER MADE OUT OF SCOTCH WHISKY BACK WHERE IT BELONGS ~ IN THE BANK OF SCOTLAND , PRONTO TONTO !

Answer 6

make people money