ChatterBank4 mins ago
Boe Misses Inflation Target - Deflation Looms?
// ..the government has set a target for the Bank of England of setting monetary conditions - through changes to the interest rate for lending to banks and via quantitative easing - to keep inflation at 2%, with a one percentage point margin of error on either side of 2%.
So with CPI inflation today announced at 0.5% for December - the joint lowest since records began in 1989 - the Bank of England has failed. //
A bad sign for the state of the economy. Can Osborne turn this around?
So with CPI inflation today announced at 0.5% for December - the joint lowest since records began in 1989 - the Bank of England has failed. //
A bad sign for the state of the economy. Can Osborne turn this around?
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No best answer has yet been selected by Gromit. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Anthony Hilton - an extremely good City journalist - says he doesn't think deflation is all that awful
http:// www.sta ndard.c o.uk/bu siness/ markets /anthon y-hilto n-there s-reall y-nothi ng-to-f ear-fro m-defla tion-99 75440.h tml
His last sentences need reading, though.
http://
His last sentences need reading, though.
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