Friday, December 7, 2007
Bloomberg Questions whether Inflation with bite BoE in the Behind
The BoE caved to pressure, or they took the view that the Libor rate needed pulling down if only in the short term... Either way, there are serious doubts as to whether this won't lead to long term inflationary issues. Will 2008 be a year forever remembered by economists, when it all goes pear-shaped?