أشرف العايدي على سي ان بي سي العربية -- 06 أغسطس 2013

. ??????? ??????? ??????? ????????? ???? ???? ?? ????? "???? ??? ???????" ???? ??????? ??? ???? ???????? ??? ??????? ???????? ???? ?????? ????. ???? ?? ????. ??? ????? ?? ???? ????? ?????? ?????? ??? ???? ???? ?????? ???????? 2.0 %. ???? ???? ?????? ?????? ?? ??????? ??????? ???? ?? 2.0% ??? ?? ???? ?? 4 ?????. ??? ????? ?? ?????? ?????? ??? 2.2% ?? ?????? ??????? ????? ??? ??????? ?? ???? ??? ???? ?? ???? ????? ?????? ??. ?? ????? ?????? ??????? ??????? ????? ?? ???? ????? ?????? ????? ????? ??? ?????? ??? ?????? ??????? ??????? ??????? ??? ?????? ?????? ????? ???? ????? ???? ??????? ??????? ?? ????? ????? ??????? ??? ????? ???????? ??? ??? ??? ???? ??? ???? ??????? ????? ????? ???????. ????? ??? ????? ????? ?? ?????? ??? ?????? ??? ??? 2.0% ??????? ??????? ??? "???? ???????"? ????? ???? ??????? ???? ?? ??????? ?? ?? ??????? ??????? ?? ????? ?? ????? ?? "???? ???? ??????". The only bit of forward guidance from Carney's BoE has been the indication that current gilt yields were too high. That is not enough. Carney will have to introduce an additional policy objective besides the 2.0% inflation target. UK annual inflation has been above 2.0% for nearly 4 years. Despite halving inflation to 2.2% last autumn, the BoE has yet to meet its mandated target. At next week's inflation report, we expect Carney to introduce growth-oriented targets, such as employment metrics or loans to the private sector, enabling the Monetary Policy Committee to stimulate hesitant growth without focusing attention on a single price target at the expense of sacrificing vital growth. As long as Mr. Carney insists that inflation will recede back towards 2.0% and uses terms such as "escape velocity", bond traders can be assured that monetary policy is far from "maxed out".