Tuesday, March 1, 2011
Bank Chief says inflation will fall back to target on the 14th of August 2018
UK inflation will fall back to target, says Bank chief
The UK's inflation rate will fall back to its target rate, but the timing of this fall is uncertain, the Bank of England governor Mervyn King has said. As the timing is not specified and rather open ended I have taken the liberty of setting a date.
Posted by enuii @ 09:47 PM (2453 views)
11 thoughts on “Bank Chief says inflation will fall back to target on the 14th of August 2018”
Add a comment
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
mr g says:
“UBS said commodity price inflation over the past few months would justify a 3-3.5% increase in processed food prices, but it found that supermarkets had increased prices by 6-6.5%.
The BBC’s economics editor, Stephanie Flanders, said that was a puzzle.”
You’re not very bright then are you Steph?
Crunchy says:
Inflation is yet another taxation, way to go Merv the Nerv.
Crunchy says:
1. mr g
“Hyperinflation, food shortages” You heard it here months ago.
Le Crunch ~ even a little guy saw what was coming. Puzzled?? Nah!
alan says:
Of course Merv is right….a clock with a dud battery will tell the exact time twice every day.
Merv is bound to be correct sometime over the next 6 or 7 years…!
wdbeast says:
It is also true to say that England will win the world cup.
What sport?
All of them!
markj69 str05 says:
And i predict a return to salary-HP ratios of 3.5!
hpwatcher says:
He is clearly lying, and knows it, but is trying to manage expectations. It’s UK government propaganda.
jack c says:
Alternative title enuii’s – “Bank Chief says inflation will fall back to target but by then I’ll be off drawing my gold plated indexed linked final salary pension which has just had £1.5m extra pumped into it and I couldnt give a flying f***.
ontheotherhand says:
He’s a prize Roger Hunt isn’t he.
thenewdoctorwho says:
Not ‘THE’ Roger Hunt, surely?
Vickiejo says:
Actually according to an economist that I follow Mervyn also said this in his evidence to the Treasury Select Committee yesterday.
“The projections that we published in the inflation report a couple of weeks ago have the characteristic that the inflationary pressures are pretty much back to target by around the middle of this year.”
Fortunately he goes onto explain the flaws in the Governor’s thinking….