Thursday, December 6, 2007

New rate is 5.5 percent

Bank Rate Reduced

CPI inflation was 2.1% in October. Higher energy and food prices are expected to keep inflation above the target in the short term. Although upside risks to inflation remain, which the Committee will continue to monitor carefully, slowing demand growth should ease the pressures on supply capacity, bringing inflation back to target in the medium term.

Posted by night @ 12:02 PM (419 views)
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