A Wall St Journal blog:
2 Guardian "Rates won't rise" http://www.guardian.co.uk/business/2011/may/11/bank-of-england-inflation-report-analysis
3 Guardian "Rates may rise" http://www.guardian.co.uk/business/2011/may/11/bank-of-england-cuts-economic-growth-forecasts
Some City economists said that there was now slightly more chance of the Bank raising borrowing costs during 2011.
4 Reuters "Hmmm" http://uk.reuters.com/article/2011/05/12/uk-boe-focus-idUKLNE74B00820110512
5 FT - "King signals early rate rise likely this year" http://www.ft.com/cms/s/0/7824e6a8-7c16-11e0-a386-00144feabdc0.html#axzz1M8ECj3Iq
If the PIIGS were not squealing, would the bondholders have their attention on the UK and by now have decided King was trying to inflate away? Is King opportunistically making inflationary hay while the others draw bondholders' fire? Anyone think King is not deliberately inflating? If he's not deliberately inflating, what's he up to then?