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)
Please complete the required fields.



11 thoughts on “Bank Chief says inflation will fall back to target on the 14th of August 2018

  • “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?

    Reply
    Please complete the required fields.



  • Inflation is yet another taxation, way to go Merv the Nerv.

    Reply
    Please complete the required fields.



  • 1. mr g

    “Hyperinflation, food shortages” You heard it here months ago.

    Le Crunch ~ even a little guy saw what was coming. Puzzled?? Nah!

    Reply
    Please complete the required fields.



  • 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…!

    Reply
    Please complete the required fields.



  • It is also true to say that England will win the world cup.

    What sport?

    All of them!

    Reply
    Please complete the required fields.



  • markj69 str05 says:

    And i predict a return to salary-HP ratios of 3.5!

    Reply
    Please complete the required fields.



  • He is clearly lying, and knows it, but is trying to manage expectations. It’s UK government propaganda.

    Reply
    Please complete the required fields.



  • 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***.

    Reply
    Please complete the required fields.



  • ontheotherhand says:

    He’s a prize Roger Hunt isn’t he.

    Reply
    Please complete the required fields.



  • thenewdoctorwho says:

    Not ‘THE’ Roger Hunt, surely?

    Reply
    Please complete the required fields.



  • 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….

    Reply
    Please complete the required fields.



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

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>