Wednesday, June 18, 2008

Ex MPC members take on the BoE current inflation position

Inflation: we can pay now or later

From The TimesJune 18, 2008 Inflation: we can pay now or later The Governor of the Bank of England thinks he can hit his target painlessly. He is wrongWillem Buiter Here is the bad news: inflation, which in May reached 3.3 per cent, is above the Government's 2 per cent target and rising. The Bank of England expects it to top 4 per cent this year. Inflation expectations are also above target and rising. The Bank's own survey puts public perception of current inflation at 4.9 per cent (against 3.9 per cent in February) and its expectation of inflation a year ahead at 4.3 per cent against 3.3 per cent in February).

Posted by flintster1994 @ 12:43 PM (915 views)
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3 thoughts on “Ex MPC members take on the BoE current inflation position

  • Less pain now, more pain later. Sounds about typical. Isn’t that what PPP and PFI are about?

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  • I saw Buiter on News 24 yesterday. He was just about the only “expert” called in that spoke with sense, and understood the monetary root of these problems.

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  • “Less pain now, more pain later” – after the next election?

    Independent BoE – my @rse

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