Monday, Apr 16, 2007
Watch the US for future inflation prospects
The Telegraph: Bank can learn from Fed's handling of core inflation
The US has rising core CPI (Excluding energy and food) with a slowing housing market and economy
The UK housing market and economy are doing well so future inflation should go higher than the US
Posted by sold 2 rent 1 @ 08:49 AM (124 views) Add Comment
2 Comments
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1. paul said...
The Bank of England and the MPC can't even learn from their own experience, let alone anyone else's!
Mervyn seems to be under the impression that they'll be able to lie their way out of soaring inflation indefinitely, come what may. This is evidenced by Mervyn's attempts to manipulate inflation expectations to the degree that he's "warning" industry groups not to ask for pay rises while ignoring they core inflation, so as not to slay the sacred property market cash cow.
The MPC members do not have a Register of Interests by the way.
2. sovietuk said...
Sterling broke the $1.99 barrier this morning.We are moving into unchartered waters - dodgy.