Monday, March 20, 2006 

TimesOnlin: Public’s view of inflation poses threat for rates PROSPECTS for a further cut in interest rates will be dealt another blow this morning by news that the public’s assessment of existing inflation in the economy and its likely future level has leapt upwards since November. The Bank of England’s regular quarterly survey of attitudes to inflation across Britain, released this morning, reveals that Britons believe that price pressures are running at levels much higher than the reality, and that this trend will persist over the coming year. The findings of the Bank’s poll by NOP will inflame anxieties on its Monetary Policy Committee (MPC) that the surge in the cost of oil and gas has triggered an excessive view of inflation among the public.
posted by Johnny  @ 8:21 AM 14 comments

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