Thursday, January 10, 2008
Inflation creates the perfect headache for Mervyn King
Inflation creates the perfect headache for Mervyn King
Gordon Brown may be piling on the pressure for a rate cut, but the MPC should ignore him. Inflation is on the rampage - and it's mainly down to China.
Posted by mary @ 11:40 AM (439 views)
2 thoughts on “Inflation creates the perfect headache for Mervyn King”
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alan says:
“The uncomfortable truth is that our era of growth and low inflation, courtesy of Beijing rather than Gordon Brown’s reign at the Treasury, is over”.
How long before “the uncomfortable truth” hits the mainstream press? By Easter, the impact of higher food and oil prices plus the job cuts will be more noticeable.
uncle tom says:
I pointed out that the era of ever cheaper products from China was over more than a year ago – and that there were major inflationary pressures on the horizon.
It wasn’t rocket science or lucky guesswork to make that observation, yet the reality is taking the good and the great by surprise!