Tuesday, May 29, 2007
Bank of England and ECB shouldering more burden than they deserve.
Independent Newspaper: Stephen King: Defending the great prize of price stability
King argues that failure of other major economies, such as America and China, to take money growth into account will unduly effect inflation in places like Europe, where, he argues, it is given more weight. King says that Europe will raise interest rates regardless, because, whilst it isn't fair to be burdened in this way, Europe will not let price stability slip.
Posted by pr @ 01:53 AM (177 views) Add Comment
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