Tuesday, February 19, 2008
Well done to the BBC
Kate Barker, a member of the Bank of England's Monetary Policy Committee, warned that the bank would not be able to stop this in the short term. Therefore, she said, the MPC would be paying particularly careful attention to the financial and property markets. But rate cuts would be hard to justify in the face of inflationary pressures. p.s. Great! Dispatches documentary last night.