Wednesday, January 24, 2007

KIng’s Speech in Full

Governor of the Bank of England, "inflation in the UK could fall quite sharply in 2007"

Mervyn King says, "The opportunity to write to the Chancellor did not arise last week. But since we are so close to the level that would trigger a letter, let me instead write a letter to you." But nary a mention of raising interest rates to control house prices. In fact, nary a mention of house prices at all...

Posted by hyakujo @ 09:37 AM (499 views)
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