Sunday, April 13, 2008
Short term weakness?????
Can someone please tell me what the ECB use to measure inflationary pressure and how it is dfferent for the BoE? I cannot see how/ why inflation in Club Med is so much higher than in the UK when the euro is so strong, surely basic economics would show that a weaker currency woud infact mean that The UK would have much higher inflationary pressure than the Eurozone, or does the ECB include HPI?????? AN EXPLANATION WOULD BE WELCOME.