Sunday, Jun 10, 2007
``The Bank of England has been doing a bad job of controlling inflation.'' Prices just look like they're going to keep going up
bloomberg.com: BOE May Need to Move Faster on `Sticky' Inflation
The Bank of England, which left interest rates unchanged yesterday, may have to move faster to curb the U.K.'s worst bout of inflation in a decade. ``Inflation is high and sticky,'' said Alan Clarke, an economist at BNP Paribas in London. ``Underlying prices will continue to accelerate throughout this year. The bank is behind the curve.'' ``The Bank of England has been doing a bad job of controlling inflation.''
Posted by chris @ 09:23 PM (122 views) Add Comment
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