Tuesday, April 17, 2012

So much for targets!

Inflation uptick creates Bank of England headache

"The ONS said that consumer price inflation rose to 3.5 percent in March from 3.4 percent in February, calling a halt to a five-month run of declines from a peak of 5.2 percent in September 2011".

Posted by alan @ 11:21 AM (1818 views)
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11 thoughts on “So much for targets!

  • this news means it is time for more QE

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  • Merv behind the curve

    Photo: Reuters

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  • thats merv thinking of another excuse to state it is a temp external cause or some other BS he can think of

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  • Does he even write a letter any more and if he does could Cameron give a sh1te?

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  • general congreve says:

    How much longer has he got to try and style this dog and pony show out, until he can collect his index-linked pension?

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  • @5

    ….about another 9 months or thereabouts! Official.

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  • Hmmm, perhaps we should throw a retirement party for him?

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  • The BBC says inflation will continue its downward path next month.

    However as Diesel approaches 150.0p per litre, I’m not so sure. Anyway, they can always blame the tanker drivers – Merv will escape blame, once again!

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  • I love the way the media downplays ‘upticks’ and ‘surprise jumps’ in inflation – especially the good ‘ol beeb. They’re almost like an obedient pet dog for the government chirruping the party mantras ‘inflation will go down!’, ‘houses will go up!’.

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  • general congreve says:

    @9 – I’ll have none of that. They’re very even handed in my opinion, they’ve briefly mentioned gold at least twice during the BBC business news in the last three years.

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  • It’s inflation, baby, come what may.

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